Blueshift Asset Management LLC Makes New $1.22 Million Investment in Warby Parker Inc. (NYSE:WRBY)

Blueshift Asset Management LLC purchased a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,895 shares of the company's stock, valued at approximately $1,223,000. Blueshift Asset Management LLC owned approximately 0.07% of Warby Parker as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Advisors Asset Management Inc. raised its holdings in shares of Warby Parker by 79.9% in the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after purchasing an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Warby Parker in the second quarter valued at $131,000. Choreo LLC purchased a new stake in Warby Parker during the 2nd quarter worth about $167,000. AQR Capital Management LLC purchased a new stake in Warby Parker during the 2nd quarter worth about $186,000. Finally, LVW Advisors LLC acquired a new position in shares of Warby Parker during the 2nd quarter worth about $201,000. Hedge funds and other institutional investors own 93.24% of the company's stock.

Warby Parker Price Performance

Shares of WRBY stock traded down $1.25 during midday trading on Wednesday, hitting $22.90. The company had a trading volume of 1,647,957 shares, compared to its average volume of 1,433,562. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -84.07 and a beta of 1.80. The company's 50 day simple moving average is $17.90 and its 200 day simple moving average is $16.40. Warby Parker Inc. has a 52-week low of $10.28 and a 52-week high of $24.60.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WRBY. Telsey Advisory Group boosted their target price on Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. BTIG Research boosted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group raised shares of Warby Parker from a "neutral" rating to a "buy" rating and increased their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. William Blair raised shares of Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Four equities 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 a consensus rating of "Moderate Buy" and a consensus target price of $18.82.

Insider Buying and Selling at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 27,143 shares of the firm's stock in a transaction that occurred on 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 directly owns 12,177 shares of the company's stock, valued at $158,301. This trade represents a 69.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 15,272 shares of Warby Parker 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 $198,536.00. Following the completion of the sale, the chief financial officer now owns 184,251 shares in the company, valued at approximately $2,395,263. This trade represents a 7.65 % 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 owned by company insiders.

Warby Parker 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.