Invesco Ltd. Has $3.70 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Invesco Ltd. boosted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,934 shares of the company's stock after acquiring an additional 62,462 shares during the quarter. Invesco Ltd. owned approximately 0.15% of Warby Parker worth $3,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Warby Parker during the fourth quarter valued at approximately $25,000. 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 acquiring an additional 1,028 shares in the last quarter. KBC Group NV raised its stake in shares of Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after purchasing an additional 1,339 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Warby Parker in the 4th quarter valued at $201,000. Finally, BBR Partners LLC bought a new position in Warby Parker during the fourth quarter worth about $239,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Warby Parker Price Performance

WRBY opened at $15.50 on Monday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -57.41 and a beta of 2.00. The business's 50-day moving average price is $18.86 and its two-hundred day moving average price is $21.58. Warby Parker Inc. has a 1 year low of $11.66 and a 1 year high of $28.68.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $336,206.97. The trade was a 80.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 11,684 shares of the 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 of the company's stock, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,651 shares of company stock valued at $2,313,092. 26.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WRBY. Telsey Advisory Group reissued an "outperform" rating and set a $28.00 price objective on shares of Warby Parker in a report on Thursday, February 27th. Stifel Nicolaus dropped their target price on shares of Warby Parker from $25.00 to $18.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Evercore ISI reaffirmed an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. UBS Group lifted 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. Finally, Roth Mkm assumed coverage on Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price target on the stock. Five research 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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