Corient Private Wealth LLC Has $2.90 Million Stock Position in Warby Parker Inc. (NYSE:WRBY)

Corient Private Wealth LLC trimmed its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,692 shares of the company's stock after selling 119,741 shares during the quarter. Corient Private Wealth LLC owned 0.12% of Warby Parker worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of Warby Parker during the fourth quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after acquiring an additional 1,028 shares during the last quarter. 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 in the last quarter. BBR Partners LLC bought a new position in shares of Warby Parker in the fourth quarter worth about $239,000. Finally, Atria Investments Inc acquired a new position in shares of Warby Parker during the fourth quarter worth approximately $241,000. 93.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. The trade was a 53.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 389,651 shares of company stock valued at $9,855,092. 26.55% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

WRBY has been the subject of a number of research reports. JMP Securities raised 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. Evercore ISI restated an "in-line" rating and set a $23.00 target price on shares of Warby Parker in a research report on Friday, January 17th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a research note on Thursday, February 27th. Stifel Nicolaus lifted their price objective on Warby Parker from $17.00 to $20.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Finally, Roth Mkm started coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.43.

Warby Parker Price Performance

WRBY traded down $0.43 during mid-day trading on Thursday, hitting $19.04. The stock had a trading volume of 1,004,005 shares, compared to its average volume of 1,596,413. The stock's fifty day simple moving average is $23.87 and its 200-day simple moving average is $21.47. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -70.51 and a beta of 1.91. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68.

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.