Viking Global Updates Wayfair Stake ~ market folly

Thursday, October 16, 2014

Viking Global Updates Wayfair Stake

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G with the SEC regarding Wayfair (W).  Per the filing, Viking now owns 12.6% of the company with 1,750,236 shares.

It should be noted that Viking also filed a Form 3 regarding Wayfair indicating that they previously owned Class B shares and they were converted into Class A common stock.

Viking acquired 400,000 shares at $29 per share in connection with the company's IPO on October 2nd.  Additionally, they acquired 25,000 shares at $36 and 54,250 shares at $35.53 in open market transactions.

You can view other portfolio activity from Viking Global here.

Per Google Finance, Wayfair is "transforming the way people shop for their homes. The Company has created online destinations for the home. Through its e-commerce business model, the Company offers visually inspiring browsing, compelling merchandising, easy product discovery and prices for over seven million products from over 7,000 suppliers across five brands:, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company’s technology and data focus facilitates critical e-commerce capabilities, such as shopping experiences across its five brands, consumer targeting and personalization, and anytime, anywhere shopping across its Websites, mobile-optimized Websites and mobile applications.The Company offers consumers a one-stop shop with home goods pricing designed to be on par with big box retailers and a merchandising experience designed to be on par with specialty retailers."

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