Wayfair Inc. (NYSE:W) Stock Holdings Lifted by Baillie Gifford & Co.

Baillie Gifford & Co. raised its position in Wayfair Inc. (NYSE:W) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,179,761 shares of the company’s stock after purchasing an additional 740,641 shares during the quarter. Baillie Gifford & Co.’s holdings in Wayfair were worth $273,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of W. Capital Performance Advisors LLP acquired a new stake in shares of Wayfair in the third quarter worth about $29,000. GAMMA Investing LLC lifted its position in shares of Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Wayfair in the third quarter worth about $44,000. Brooklyn Investment Group acquired a new stake in shares of Wayfair in the third quarter worth about $50,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Wayfair in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Buying and Selling

In related news, COO Thomas Netzer sold 1,039 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total transaction of $52,625.35. Following the sale, the chief operating officer now directly owns 171,790 shares in the company, valued at $8,701,163.50. This represents a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $53.14, for a total value of $1,594,200.00. Following the transaction, the insider now directly owns 632,573 shares in the company, valued at approximately $33,614,929.22. This represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,228 shares of company stock worth $7,709,418 in the last three months. Insiders own 26.81% of the company’s stock.

Wayfair Stock Performance

NYSE W opened at $49.32 on Monday. Wayfair Inc. has a one year low of $37.35 and a one year high of $76.18. The stock’s 50 day simple moving average is $46.96 and its 200 day simple moving average is $46.51.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wedbush cut Wayfair from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $44.00 in a research report on Monday, January 6th. Robert W. Baird cut their price objective on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Citigroup cut their price objective on Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wayfair presently has an average rating of “Moderate Buy” and an average target price of $60.24.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.