Gilder Gagnon Howe & Co. LLC Sells 591,707 Shares of Warby Parker Inc. (NYSE:WRBY)

Gilder Gagnon Howe & Co. LLC cut its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 26.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,681,717 shares of the company's stock after selling 591,707 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 1.65% of Warby Parker worth $40,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WRBY. Global Retirement Partners LLC bought a new position in shares of Warby Parker in the 4th quarter valued at $25,000. NewEdge Advisors LLC increased its stake in shares of Warby Parker by 700.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after buying an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its holdings in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after buying an additional 1,028 shares during the last quarter. KBC Group NV boosted its position in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after buying an additional 1,339 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Warby Parker in the 4th quarter valued at approximately $201,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Price Performance

Shares of NYSE WRBY traded up $0.35 during mid-day trading on Tuesday, reaching $15.81. 1,578,346 shares of the company's stock were exchanged, compared to its average volume of 1,761,289. The firm has a 50-day moving average price of $18.47 and a two-hundred day moving average price of $21.54. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -58.56 and a beta of 2.00. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68.

Insider Buying and Selling at Warby Parker

In other news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction on Tuesday, March 4th. The shares were 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. The trade was a 5.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $336,206.97. The trade was a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,651 shares of company stock worth $2,313,092 over the last three months. 26.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WRBY shares. Citigroup reissued an "outperform" rating on shares of Warby Parker in a research note on Friday, February 28th. Morgan Stanley upped their target price on Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. UBS Group boosted their price target on shares of Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. The Goldman Sachs Group lowered their target price on shares of Warby Parker from $29.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird upped their price target on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.93.

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.