Baillie Gifford & Co. Sells 39,589 Shares of Warby Parker Inc. (NYSE:WRBY)

Baillie Gifford & Co. trimmed its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,195,580 shares of the company's stock after selling 39,589 shares during the period. Baillie Gifford & Co. owned approximately 2.18% of Warby Parker worth $35,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of Warby Parker by 610.3% in the 2nd quarter. SG Americas Securities LLC now owns 91,598 shares of the company's stock valued at $1,471,000 after acquiring an additional 78,702 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Warby Parker by 302.0% in the first quarter. Janney Montgomery Scott LLC now owns 48,245 shares of the company's stock valued at $657,000 after purchasing an additional 36,245 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock worth $39,787,000 after purchasing an additional 1,315,672 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Warby Parker during the 2nd quarter worth approximately $1,465,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Warby Parker by 37.1% in the 1st quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company's stock valued at $3,067,000 after buying an additional 61,004 shares during the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Neil Harris Blumenthal sold 27,143 shares of the stock in a transaction dated Friday, September 6th. The stock was 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 of the company's stock, valued at approximately $158,301. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, 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 transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $158,301. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 15,272 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now directly owns 184,251 shares in the company, valued at approximately $2,395,263. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,178 shares of company stock valued at $1,339,901. 26.55% of the stock is currently owned by company insiders.

Warby Parker Stock Performance

Shares of Warby Parker stock traded down $0.11 during trading on Wednesday, hitting $21.12. The company's stock had a trading volume of 1,713,254 shares, compared to its average volume of 1,419,325. Warby Parker Inc. has a 52 week low of $10.28 and a 52 week high of $21.77. The stock has a 50-day moving average price of $16.17 and a two-hundred day moving average price of $15.70.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group restated an "outperform" rating and set a $19.00 target price on shares of Warby Parker in a report on Thursday, November 7th. William Blair raised Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. Piper Sandler raised their price target on Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, November 8th. BTIG Research upped their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $18.18.

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.