Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Wayfair Inc. (NYSE:W)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Wayfair Inc. (NYSE:W). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Wayfair stock on May 11th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Wayfair Stock Performance

NYSE W traded down $2.61 during trading on Wednesday, reaching $68.73. 2,767,323 shares of the company’s stock were exchanged, compared to its average volume of 3,859,892. The stock has a market cap of $9.07 billion, a P/E ratio of -29.37, a price-to-earnings-growth ratio of 3.53 and a beta of 3.02. The company has a 50 day moving average price of $70.47 and a two-hundred day moving average price of $86.15. Wayfair Inc. has a 1 year low of $45.46 and a 1 year high of $119.98.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.Wayfair’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. Research analysts forecast that Wayfair Inc. will post 0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wayfair news, insider Jon Blotner sold 4,790 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $72.19, for a total transaction of $345,790.10. Following the transaction, the insider owned 111,158 shares in the company, valued at approximately $8,024,496.02. The trade was a 4.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 112,861 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $77.50, for a total value of $8,746,727.50. Following the transaction, the director owned 436,212 shares in the company, valued at $33,806,430. The trade was a 20.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 463,785 shares of company stock worth $35,864,224. Company insiders own 18.44% of the company’s stock.

Institutional Trading of Wayfair

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Webster Bank N. A. acquired a new position in Wayfair in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in Wayfair in the 4th quarter valued at about $33,000. Piper Sandler & CO. acquired a new position in Wayfair in the 4th quarter valued at about $34,000. Havemeyer Place LP acquired a new position in Wayfair in the 4th quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC increased its position in Wayfair by 393.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after acquiring an additional 653 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Needham & Company LLC decreased their price target on Wayfair from $125.00 to $83.00 and set a “buy” rating for the company in a report on Friday, May 1st. Wedbush decreased their price target on Wayfair from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Weiss Ratings downgraded Wayfair from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. UBS Group decreased their price target on Wayfair from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Wells Fargo & Company decreased their price target on Wayfair from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.68.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.