First Eagle Investment Management LLC Has $7.56 Million Position in Warby Parker Inc. (NYSE:WRBY)

First Eagle Investment Management LLC raised its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 792.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,258 shares of the company's stock after buying an additional 277,278 shares during the period. First Eagle Investment Management LLC owned approximately 0.31% of Warby Parker worth $7,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in Warby Parker by 2.6% in the 4th quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock valued at $602,000 after buying an additional 619 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Warby Parker during the fourth quarter worth about $25,000. Jones Financial Companies Lllp lifted its holdings in Warby Parker by 205.6% in the fourth 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 lifted its holdings in Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Warby Parker by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock worth $782,000 after acquiring an additional 1,556 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares in the company, valued at $4,815,179.04. The trade was a 5.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 93,946 shares of Warby Parker stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $25.08, for a total value of $2,356,165.68. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at $305,399.16. This trade represents a 88.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 483,597 shares of company stock worth $12,211,257. 26.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on WRBY shares. Roth Capital upgraded shares of Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. Roth Mkm initiated coverage on Warby Parker in a research report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 target price for the company. JMP Securities upped their price objective on shares of Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a research note on Monday, December 16th. The Goldman Sachs Group raised their price target on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI restated an "in-line" rating and issued a $23.00 price objective on shares of Warby Parker in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Warby Parker presently has an average rating of "Moderate Buy" and an average target price of $23.43.

Warby Parker Stock Down 0.3 %

Warby Parker stock traded down $0.07 during mid-day trading on Thursday, hitting $18.94. 2,210,105 shares of the company were exchanged, compared to its average volume of 1,585,412. The business has a fifty day moving average of $24.47 and a 200 day moving average of $21.27. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68. The company has a market capitalization of $1.96 billion, a PE ratio of -70.13 and a beta of 1.91.

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.