Wayfair Inc. (NYSE:W) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its stake in Wayfair Inc. (NYSE:W) by 2.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,439,120 shares of the company’s stock after selling 149,047 shares during the period. Baillie Gifford & Co.’s holdings in Wayfair were worth $305,570,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Wayfair in the 3rd quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in Wayfair during the second quarter valued at approximately $58,000. Comerica Bank lifted its holdings in Wayfair by 210.9% during the 1st quarter. Comerica Bank now owns 1,222 shares of the company’s stock worth $83,000 after buying an additional 829 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Wayfair in the 2nd quarter worth approximately $109,000. Finally, Quarry LP increased its holdings in shares of Wayfair by 880.0% in the 2nd quarter. Quarry LP now owns 2,548 shares of the company’s stock valued at $134,000 after acquiring an additional 2,288 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on W. The Goldman Sachs Group decreased their price objective on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wedbush lowered their price objective on shares of Wayfair from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. BMO Capital Markets cut their target price on shares of Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $58.00 in a report on Thursday, August 1st. Finally, Robert W. Baird lowered their price target on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.28.

Wayfair Trading Down 2.8 %

NYSE:W opened at $37.77 on Tuesday. The company has a 50-day moving average of $48.49 and a 200-day moving average of $51.87. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -8.41 and a beta of 3.46. Wayfair Inc. has a twelve month low of $37.60 and a twelve month high of $76.18.

Wayfair (NYSE:W) last issued its earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.38) earnings per share. On average, research analysts forecast that Wayfair Inc. will post -2.92 earnings per share for the current year.

Insider Transactions at Wayfair

In other Wayfair news, CTO Fiona Tan sold 10,040 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $53.06, for a total transaction of $532,722.40. Following the completion of the sale, the chief technology officer now directly owns 84,655 shares of the company’s stock, valued at approximately $4,491,794.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Wayfair news, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $49,963.62. Following the completion of the sale, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Fiona Tan sold 10,040 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $53.06, for a total value of $532,722.40. Following the completion of the transaction, the chief technology officer now owns 84,655 shares in the company, valued at $4,491,794.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,868 shares of company stock valued at $2,003,248 in the last three months. 26.81% of the stock is currently owned by corporate insiders.

Wayfair Company Profile

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.