Loomis Sayles & Co. L P Purchases 300,891 Shares of Warby Parker Inc. (NYSE:WRBY)

Loomis Sayles & Co. L P raised its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 20.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,782,629 shares of the company's stock after acquiring an additional 300,891 shares during the period. Loomis Sayles & Co. L P owned about 1.75% of Warby Parker worth $29,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Warby Parker by 610.3% during the second quarter. SG Americas Securities LLC now owns 91,598 shares of the company's stock worth $1,471,000 after purchasing an additional 78,702 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Warby Parker by 113.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock worth $39,787,000 after buying an additional 1,315,672 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Warby Parker in the second quarter valued at approximately $1,465,000. Driehaus Capital Management LLC increased its position in shares of Warby Parker by 43.9% during the second quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company's stock valued at $12,952,000 after acquiring an additional 246,011 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Warby Parker by 65.7% during the first quarter. Lazard Asset Management LLC now owns 579,310 shares of the company's stock worth $7,884,000 after acquiring an additional 229,739 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 27,143 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 value of $352,859.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $158,301. This trade represents a 69.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steven Clive Miller sold 6,763 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares of the company's stock, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,178 shares of company stock valued at $1,339,901. 26.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WRBY. BTIG Research raised their target price on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Piper Sandler increased their target price on shares of Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. The Goldman Sachs Group raised shares of Warby Parker from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and increased their price objective for the company from $15.00 to $18.00 in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.82.

Warby Parker Stock Up 0.5 %

WRBY traded up $0.11 during trading on Tuesday, reaching $24.15. 2,164,985 shares of the company were exchanged, compared to its average volume of 1,432,616. Warby Parker Inc. has a 12-month low of $10.28 and a 12-month high of $24.52. The company's 50-day moving average is $17.72 and its two-hundred day moving average is $16.33. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -89.96 and a beta of 1.80.

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.