Geode Capital Management LLC grew its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,970,620 shares of the company's stock after acquiring an additional 144,623 shares during the quarter. Geode Capital Management LLC owned approximately 1.94% of Warby Parker worth $32,187,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of WRBY. Bank of New York Mellon Corp boosted its stake in Warby Parker by 14.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company's stock valued at $12,965,000 after purchasing an additional 104,360 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Warby Parker by 8.6% in the second quarter. Panagora Asset Management Inc. now owns 214,560 shares of the company's stock worth $3,446,000 after purchasing an additional 16,939 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Warby Parker during the second quarter worth approximately $675,000. Natixis Advisors LLC raised its position in shares of Warby Parker by 58.8% during the second quarter. Natixis Advisors LLC now owns 445,292 shares of the company's stock valued at $7,151,000 after buying an additional 164,879 shares during the last quarter. Finally, Versor Investments LP grew its holdings in shares of Warby Parker by 137.2% during the 2nd quarter. Versor Investments LP now owns 26,800 shares of the company's stock worth $430,000 after purchasing an additional 15,500 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Telsey Advisory Group raised their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. JMP Securities raised their price target on Warby Parker from $23.00 to $28.00 and gave the stock a "market outperform" rating in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. BTIG Research lifted their price objective on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group increased their target price on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.73.
View Our Latest Report on WRBY
Insider Activity at Warby Parker
In related news, CFO Steven Clive Miller sold 14,853 shares of Warby Parker stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the sale, the chief financial officer now directly owns 189,146 shares of the company's stock, valued at approximately $4,276,591.06. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at $287,986.05. This represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,032 shares of company stock worth $6,265,864. Company insiders own 26.55% of the company's stock.
Warby Parker Trading Down 2.7 %
Shares of Warby Parker stock traded down $0.69 on Thursday, reaching $25.03. 1,432,514 shares of the company were exchanged, compared to its average volume of 1,448,152. The company has a 50-day moving average of $21.56 and a 200 day moving average of $17.48. Warby Parker Inc. has a one year low of $11.35 and a one year high of $25.89. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -92.70 and a beta of 1.93.
About Warby Parker
(
Free Report)
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.
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