D1 Capital Partners L.P. Has $128.38 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

D1 Capital Partners L.P. lessened its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,861,364 shares of the company's stock after selling 1,582,659 shares during the period. Warby Parker makes up approximately 2.5% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 13th largest position. D1 Capital Partners L.P. owned about 7.73% of Warby Parker worth $128,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in Warby Parker by 79.9% in the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock worth $70,000 after purchasing an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Warby Parker during the 2nd quarter worth $131,000. Choreo LLC bought a new position in Warby Parker during the 2nd quarter worth $167,000. AQR Capital Management LLC acquired a new position in Warby Parker in the 2nd quarter valued at $186,000. Finally, LVW Advisors LLC bought a new stake in shares of Warby Parker during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WRBY shares. BTIG Research upped 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. Robert W. Baird raised their target price on Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Piper Sandler lifted their price target on Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. JMP Securities upgraded Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Friday, August 23rd. Finally, William Blair raised Warby Parker from a "market perform" rating to an "outperform" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Warby Parker currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.82.

Warby Parker Trading Down 1.6 %

NYSE:WRBY traded down $0.36 during mid-day trading on Friday, hitting $22.54. 914,792 shares of the company's stock were exchanged, compared to its average volume of 1,431,318. Warby Parker Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $24.60. The firm has a market capitalization of $2.29 billion, a P/E ratio of -84.81 and a beta of 1.80. The company has a 50 day simple moving average of $18.23 and a 200-day simple moving average of $16.49.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 27,143 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 value of $352,859.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at approximately $158,301. This represents a 69.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven Clive Miller sold 6,763 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the sale, the chief financial officer now directly owns 177,488 shares in the company, valued at $2,467,083.20. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,178 shares of company stock valued at $1,339,901 over the last 90 days. 26.55% of the stock is owned by 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.