Warby Parker Inc. (NYSE:WRBY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,146,690 shares of the company's stock after selling 48,890 shares during the period. Baillie Gifford & Co. owned about 2.11% of Warby Parker worth $51,971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WRBY. KBC Group NV increased its position in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after acquiring an additional 1,339 shares during the period. Janney Montgomery Scott LLC increased its position in Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock valued at $782,000 after acquiring an additional 1,556 shares during the period. Rhumbline Advisers increased its position in Warby Parker by 2.2% in the 4th quarter. Rhumbline Advisers now owns 123,915 shares of the company's stock valued at $3,000,000 after acquiring an additional 2,634 shares during the period. Choreo LLC increased its position in Warby Parker by 60.6% in the 4th quarter. Choreo LLC now owns 17,155 shares of the company's stock valued at $415,000 after acquiring an additional 6,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Warby Parker by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,772 shares of the company's stock valued at $3,197,000 after acquiring an additional 7,182 shares during the period. Institutional investors and hedge funds own 93.24% of the company's stock.

Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of analyst reports. Citigroup reaffirmed a "sell" rating and issued a $23.00 price objective (up previously from $19.00) on shares of Warby Parker in a report on Wednesday, February 5th. Evercore ISI reiterated an "in-line" rating and issued a $23.00 price objective on shares of Warby Parker in a research report on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. JMP Securities increased their price target on shares of Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Finally, William Blair upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.92.

Insider Buying and Selling at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $336,206.97. The trade was a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven Clive Miller sold 7,016 shares of Warby Parker stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the sale, the chief financial officer now owns 182,130 shares of the company's stock, valued at approximately $4,343,800.50. This trade represents a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 608,032 shares of company stock worth $15,188,364. 26.55% of the stock is owned by corporate insiders.

Warby Parker Stock Performance

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

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.