Natixis Advisors LLC Grows Position in Warby Parker Inc. (NYSE:WRBY)

Natixis Advisors LLC increased its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 486,212 shares of the company's stock after purchasing an additional 19,799 shares during the quarter. Natixis Advisors LLC owned 0.48% of Warby Parker worth $11,771,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Warby Parker during the 4th quarter worth $25,000. Jones Financial Companies Lllp boosted its stake in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after acquiring an additional 1,028 shares during the last quarter. KBC Group NV boosted its stake in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after acquiring an additional 1,339 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Warby Parker during the 3rd quarter worth $213,000. Finally, BBR Partners LLC purchased a new position in shares of Warby Parker during the 4th quarter worth $239,000. Hedge funds and other institutional investors own 93.24% of the company's stock.

Insiders Place Their Bets

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at $336,206.97. This trade represents a 80.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker 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. The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 389,651 shares of company stock valued at $9,855,092 in the last three months. Corporate insiders own 26.55% of the company's stock.

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Warby Parker Stock Down 0.9 %

NYSE WRBY traded down $0.17 on Friday, reaching $18.84. The company had a trading volume of 2,389,317 shares, compared to its average volume of 1,592,703. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The stock has a market capitalization of $1.95 billion, a PE ratio of -69.78 and a beta of 1.91. The firm's 50 day moving average price is $24.19 and its 200 day moving average price is $21.34.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WRBY shares. 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 note on Tuesday, January 21st. Evercore ISI restated an "in-line" rating and set a $23.00 price objective on shares of Warby Parker in a research report on Friday, January 17th. Telsey Advisory Group restated an "outperform" rating and set a $28.00 price objective on shares of Warby Parker in a research report on Thursday, February 27th. Roth Capital upgraded shares of Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Finally, Roth Mkm initiated coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and an average target price 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.