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 Trading Up 4.6%

Shares of W stock traded up $3.15 during trading hours on Thursday, hitting $71.82. The company’s stock had a trading volume of 943,916 shares, compared to its average volume of 3,831,941. The company has a 50 day moving average of $70.46 and a 200 day moving average of $85.94. The stock has a market cap of $9.48 billion, a PE ratio of -30.71, a price-to-earnings-growth ratio of 3.75 and a beta of 3.02. Wayfair Inc. has a 12-month low of $45.46 and a 12-month high of $119.98.

Wayfair (NYSE:W) last posted its earnings results on Thursday, April 30th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. As a group, analysts anticipate that Wayfair Inc. will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Covenant Asset Management LLC bought a new stake in Wayfair in the 4th quarter valued at $4,403,000. Capital World Investors increased its position in Wayfair by 4.1% during the 3rd quarter. Capital World Investors now owns 13,374,574 shares of the company’s stock worth $1,194,750,000 after buying an additional 521,240 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Wayfair during the third quarter worth $1,107,000. WINTON GROUP Ltd acquired a new stake in shares of Wayfair during the third quarter worth $2,635,000. Finally, Quantbot Technologies LP bought a new stake in shares of Wayfair in the third quarter valued at about $1,958,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Insider Activity at Wayfair

In other news, insider Jon Blotner sold 4,790 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total value of $345,790.10. Following the completion of the transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 112,861 shares of the company’s stock in a transaction 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 sale, the director owned 436,212 shares of the company’s stock, valued at $33,806,430. The trade was a 20.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 463,785 shares of company stock worth $35,864,224. Corporate insiders own 18.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Mizuho decreased their target price on shares of Wayfair from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Truist Financial set a $99.00 price target on Wayfair in a research report on Monday. Citigroup decreased their target price on Wayfair from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Royal Bank Of Canada cut their price target on shares of Wayfair from $92.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 30th. Finally, TD Cowen cut their target price on shares of Wayfair from $88.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wayfair has an average rating of “Moderate Buy” and an average 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.