Algert Global LLC Purchases 99,200 Shares of Warby Parker Inc. (NYSE:WRBY)

Algert Global LLC lifted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 245.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,546 shares of the company's stock after acquiring an additional 99,200 shares during the period. Algert Global LLC owned 0.14% of Warby Parker worth $2,279,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in shares of Warby Parker by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock worth $782,000 after purchasing an additional 1,556 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after buying an additional 2,276 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Warby Parker by 11.5% during the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company's stock valued at $413,000 after buying an additional 2,651 shares during the period. The Manufacturers Life Insurance Company boosted its position in Warby Parker by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company's stock worth $717,000 after acquiring an additional 3,007 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in Warby Parker by 16.0% in the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company's stock worth $376,000 after acquiring an additional 3,224 shares during the period. Hedge funds and other institutional investors own 93.24% of the company's stock.

Insider Activity

In related news, CFO Steven Clive Miller sold 6,763 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the sale, the chief financial officer now directly owns 177,488 shares of the company's stock, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at $158,301. The trade was a 69.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,178 shares of company stock valued at $1,339,901. 26.55% of the stock is currently owned by insiders.

Warby Parker Trading Down 5.2 %

Shares of WRBY traded down $1.25 during mid-day trading on Wednesday, hitting $22.90. 1,647,376 shares of the company traded hands, compared to its average volume of 1,433,562. The business has a 50-day moving average of $17.90 and a 200 day moving average of $16.40. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -84.07 and a beta of 1.80. Warby Parker Inc. has a one year low of $10.28 and a one year high of $24.60.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JMP Securities upgraded Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a report on Friday, August 23rd. Robert W. Baird raised their price target on shares of Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Telsey Advisory Group lifted their target price on Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Stifel Nicolaus lifted their price objective on Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Finally, Piper Sandler increased their target price on Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.82.

Warby Parker Company Profile

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.