Jacobs Levy Equity Management Inc. Has $1.97 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Jacobs Levy Equity Management Inc. trimmed its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 30.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,815 shares of the company's stock after selling 54,053 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.12% of Warby Parker worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its stake in Warby Parker by 113.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock valued at $39,787,000 after acquiring an additional 1,315,672 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Warby Parker by 1,013.4% in the 2nd quarter. Marshall Wace LLP now owns 1,422,940 shares of the company's stock valued at $22,852,000 after purchasing an additional 1,295,136 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Warby Parker by 44.3% in the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company's stock worth $25,192,000 after purchasing an additional 481,900 shares in the last quarter. Verition Fund Management LLC bought a new position in Warby Parker during the third quarter valued at about $7,462,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Warby Parker during the 2nd quarter worth about $5,183,000. Institutional investors own 93.24% of the company's stock.

Insider Transactions at Warby Parker

In other news, CFO Steven Clive Miller sold 6,763 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the sale, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $817,645.43. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 107,779 shares of company stock valued at $1,941,977. Company insiders own 26.55% of the company's stock.

Warby Parker Price Performance

Shares of WRBY traded up $0.53 on Friday, reaching $23.79. 1,257,725 shares of the stock traded hands, compared to its average volume of 1,640,985. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -88.11 and a beta of 1.93. The stock's 50-day moving average price is $19.17 and its 200-day moving average price is $16.78. Warby Parker Inc. has a 12 month low of $10.28 and a 12 month high of $24.60.

Wall Street Analyst Weigh In

WRBY has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. BTIG Research boosted their target price 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. William Blair upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. Piper Sandler lifted their price objective on Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group upgraded Warby Parker from a "neutral" rating to a "buy" rating and increased their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.82.

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.