Alberta Investment Management Corp Purchases 69,501 Shares of Warby Parker Inc. (NYSE:WRBY)

Alberta Investment Management Corp boosted its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,918 shares of the company's stock after purchasing an additional 69,501 shares during the quarter. Alberta Investment Management Corp owned about 0.16% of Warby Parker worth $4,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Warby Parker in the 4th quarter worth approximately $25,000. KBC Group NV boosted its holdings in 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 in the last quarter. Thrivent Financial for Lutherans bought a new stake in Warby Parker in the third quarter worth $213,000. Shaker Investments LLC OH purchased a new stake in shares of Warby Parker in the fourth quarter worth $279,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Warby Parker during the third quarter valued at $318,000. Institutional investors own 93.24% of the company's stock.

Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of analyst reports. Evercore ISI reiterated an "in-line" rating and issued a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. The Goldman Sachs Group upped their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Citigroup reissued a "sell" rating and set a $23.00 price target (up previously from $19.00) on shares of Warby Parker in a research report on Wednesday, February 5th. Morgan Stanley boosted their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, William Blair upgraded Warby Parker from a "market perform" rating to an "outperform" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.92.

Warby Parker Stock Down 5.0 %

WRBY traded down $1.27 during trading on Friday, hitting $24.03. The company's stock had a trading volume of 1,680,832 shares, compared to its average volume of 1,475,489. The firm has a market cap of $2.44 billion, a PE ratio of -89.00 and a beta of 1.90. Warby Parker Inc. has a one year low of $11.35 and a one year high of $28.68. The business's 50 day simple moving average is $25.67 and its 200-day simple moving average is $20.29.

Insider Buying and Selling at Warby Parker

In other news, CFO Steven Clive Miller sold 14,853 shares of Warby Parker stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $335,826.33. Following the sale, the chief financial officer now directly owns 189,146 shares of the company's stock, valued at approximately $4,276,591.06. The trade was a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at $275,321.97. This trade represents a 74.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 608,032 shares of company stock valued at $15,188,364. Company insiders own 26.55% of the company's stock.

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.