196,400 Shares in Warby Parker Inc. (NYSE:WRBY) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 196,400 shares of the company's stock, valued at approximately $4,755,000. Jump Financial LLC owned about 0.19% of Warby Parker as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after purchasing an additional 842,558 shares during the period. Great Lakes Advisors LLC acquired a new stake in Warby Parker in the 4th quarter valued at $14,596,000. Raymond James Financial Inc. bought a new stake in Warby Parker during the 4th quarter worth approximately $8,272,000. Renaissance Technologies LLC grew its holdings in Warby Parker by 18.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock worth $48,478,000 after acquiring an additional 313,100 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in Warby Parker by 792.7% in the 4th quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company's stock worth $7,560,000 after purchasing an additional 277,278 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WRBY. Morgan Stanley lifted their price target on shares of Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. UBS Group raised their price target on Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Evercore ISI restated an "in-line" rating and issued a $23.00 price target on shares of Warby Parker in a report on Friday, January 17th. Roth Capital upgraded Warby Parker to a "strong-buy" rating in a report on Monday, February 24th. Finally, JMP Securities lowered their price target on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Warby Parker currently has a consensus rating of "Moderate Buy" and an average price target of $22.93.

Warby Parker Stock Up 2.7 %

Warby Parker stock traded up $0.38 during mid-day trading on Tuesday, hitting $14.38. 270,000 shares of the stock were exchanged, compared to its average volume of 1,732,767. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The firm's fifty day simple moving average is $19.71 and its two-hundred day simple moving average is $21.60. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -53.26 and a beta of 2.00.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at approximately $563,562.72. The trade was a 53.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven Clive Miller sold 11,684 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,651 shares of company stock valued at $2,313,092. Corporate insiders own 26.55% of the company's stock.

About Warby Parker

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.