17,400 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,400 shares of the company's stock, valued at approximately $421,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in Warby Parker in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its stake in shares of Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after buying an additional 1,028 shares during the period. KBC Group NV increased its position 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 acquiring an additional 1,339 shares during the period. Cibc World Markets Corp bought a new position in Warby Parker during the 4th quarter valued at approximately $201,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of Warby Parker during the third quarter valued at approximately $213,000. 93.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WRBY has been the subject of a number of research analyst reports. Roth Mkm began coverage on Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 target price for the company. Morgan Stanley upped their target price on shares of Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Roth Capital raised shares of Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Citigroup reaffirmed an "outperform" rating on shares of Warby Parker in a research report on Friday, February 28th. Finally, Robert W. Baird increased their target price on Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and an average target price of $23.43.

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Warby Parker Trading Up 16.5 %

NYSE WRBY traded up $2.35 during trading hours on Wednesday, hitting $16.62. 6,878,062 shares of the company's stock traded hands, compared to its average volume of 1,692,097. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68. The firm has a market capitalization of $1.72 billion, a P/E ratio of -61.56 and a beta of 2.00. The business's fifty day moving average price is $21.63 and its two-hundred day moving average price is $21.62.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 27,967 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 transaction of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares in the company, valued at $563,562.72. This trade represents a 53.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of 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 three months, insiders have sold 89,651 shares of company stock valued at $2,313,092. 26.55% of the stock is owned by company insiders.

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.