Warby Parker Inc. (NYSE:WRBY) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,939,116 shares of the company's stock after purchasing an additional 232,530 shares during the quarter. Jennison Associates LLC owned 1.93% of Warby Parker worth $31,666,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC increased its stake in Warby Parker by 10.2% in the 1st quarter. ProShare Advisors LLC now owns 15,470 shares of the company's stock worth $211,000 after purchasing an additional 1,434 shares during the period. Janney Montgomery Scott LLC raised its holdings in Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock valued at $782,000 after buying an additional 1,556 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Warby Parker by 79.9% in the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock worth $70,000 after acquiring an additional 2,276 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company's stock valued at $413,000 after acquiring an additional 2,651 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Warby Parker by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company's stock valued at $717,000 after acquiring an additional 3,007 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 15,272 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the sale, the chief financial officer now owns 184,251 shares of the company's stock, valued at approximately $2,395,263. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $13.89, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $169,138.53. This represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Trading Down 1.7 %

WRBY traded down $0.40 during trading hours on Friday, hitting $22.87. The company's stock had a trading volume of 916,854 shares, compared to its average volume of 1,424,648. Warby Parker Inc. has a 12 month low of $10.28 and a 12 month high of $23.83. The business's 50-day moving average price is $17.37 and its 200-day moving average price is $16.14.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WRBY shares. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a "neutral" rating to a "buy" rating and lifted their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. JMP Securities raised Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Friday, August 23rd. BTIG Research boosted their target price on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Finally, Telsey Advisory Group raised their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.