American Century Companies Inc. Boosts Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

American Century Companies Inc. raised its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,144,422 shares of the company's stock after acquiring an additional 842,558 shares during the period. American Century Companies Inc. owned about 2.11% of Warby Parker worth $51,916,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Great Lakes Advisors LLC purchased a new position in Warby Parker in the fourth quarter worth $14,596,000. Verition Fund Management LLC bought a new stake in shares of Warby Parker during the 3rd quarter worth $7,462,000. Raymond James Financial Inc. purchased a new position in shares of Warby Parker in the 4th quarter worth about $8,272,000. First Eagle Investment Management LLC grew its position in Warby Parker by 792.7% during the fourth quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company's stock valued at $7,560,000 after buying an additional 277,278 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Warby Parker by 19.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock worth $39,519,000 after buying an additional 268,025 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WRBY shares. JMP Securities increased their target price on shares of Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a research report on Monday, December 16th. The Goldman Sachs Group increased their price objective on Warby Parker from $20.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Roth Capital upgraded Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. Evercore ISI reiterated an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. Finally, Morgan Stanley boosted their price objective on Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.43.

Remove Ads

Warby Parker Price Performance

NYSE:WRBY traded down $0.36 during trading hours on Friday, hitting $18.64. The stock had a trading volume of 1,666,211 shares, compared to its average volume of 1,635,588. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -69.03 and a beta of 1.91. Warby Parker Inc. has a one year low of $11.66 and a one year high of $28.68. The company has a 50 day simple moving average of $23.60 and a two-hundred day simple moving average of $21.59.

Insider Activity at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 300,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total value of $7,542,000.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at $306,129.78. This represents a 96.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of the transaction, the chief financial officer now owns 204,727 shares of the company's stock, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 389,651 shares of company stock valued at $9,855,092. Company insiders own 26.55% of the company's stock.

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.