Sei Investments Co. Takes Position in Warby Parker Inc. (NYSE:WRBY)

Sei Investments Co. bought a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,602 shares of the company's stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds have also modified their holdings of WRBY. Global Retirement Partners LLC purchased a new stake in Warby Parker in the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its stake in shares of Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after buying an additional 1,028 shares during the last quarter. KBC Group NV grew its holdings in shares of Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after acquiring an additional 1,339 shares during the period. Cibc World Markets Corp purchased a new stake in Warby Parker during the fourth quarter valued at $201,000. Finally, BBR Partners LLC bought a new position in Warby Parker in the fourth quarter valued at about $239,000. Institutional investors own 93.24% of the company's stock.

Analyst Upgrades and Downgrades

WRBY has been the subject of a number of recent research reports. Piper Sandler cut their price target on Warby Parker from $30.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday. UBS Group lifted their target price on shares of Warby Parker from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Telsey Advisory Group reissued an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a research note on Thursday, February 27th. Robert W. Baird lifted their price objective on Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Finally, JMP Securities increased their target price on Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.14.

Insiders Place Their Bets

In other news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $336,206.97. The trade was a 80.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,651 shares of company stock valued at $2,313,092 over the last 90 days. Insiders own 26.55% of the company's stock.

Warby Parker Trading Down 2.3 %

Shares of WRBY stock traded down $0.35 during trading hours on Friday, reaching $14.83. 3,146,702 shares of the stock were exchanged, compared to its average volume of 1,712,436. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -54.91 and a beta of 2.00. Warby Parker Inc. has a 12-month low of $11.66 and a 12-month high of $28.68. The company's 50-day moving average price is $21.14 and its 200-day moving average price is $21.66.

About Warby Parker

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.