Loomis Sayles & Co. L P Has $41.93 Million Stock Position in Warby Parker Inc. (NYSE:WRBY)

Loomis Sayles & Co. L P reduced its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,732,023 shares of the company's stock after selling 50,606 shares during the quarter. Loomis Sayles & Co. L P owned 1.70% of Warby Parker worth $41,932,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Anthracite Investment Company Inc. bought a new stake in shares of Warby Parker during the 4th quarter valued at approximately $1,210,000. LPL Financial LLC acquired a new position in shares of Warby Parker during the fourth quarter worth $476,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Warby Parker during the 4th quarter valued at $421,000. Sei Investments Co. bought a new stake in Warby Parker during the 4th quarter worth $741,000. Finally, American Century Companies Inc. grew its position 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 worth $51,916,000 after acquiring an additional 842,558 shares during the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 300,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total value of $7,542,000.00. Following the sale, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $306,129.78. This represents a 96.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 389,651 shares of company stock worth $9,855,092 in the last quarter. 26.55% of the stock is owned by corporate insiders.

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Warby Parker Trading Up 1.8 %

WRBY stock traded up $0.33 during mid-day trading on Tuesday, reaching $18.56. The company's stock had a trading volume of 623,538 shares, compared to its average volume of 1,631,400. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The business's 50 day moving average price is $23.48 and its 200 day moving average price is $21.62. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -68.52 and a beta of 1.91.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WRBY. Stifel Nicolaus boosted their price target on Warby Parker from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Roth Capital raised shares of Warby Parker to a "strong-buy" rating in a report on Monday, February 24th. The Goldman Sachs Group upped their price target on shares of Warby Parker from $20.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Telsey Advisory Group reiterated an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a report on Thursday, February 27th. Finally, Morgan Stanley increased their price objective on Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Six research 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 stock. According to data from MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and an average price target of $23.43.

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.