Natixis Advisors LLC Has $7.15 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

Natixis Advisors LLC lifted its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 58.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,292 shares of the company's stock after buying an additional 164,879 shares during the period. Natixis Advisors LLC owned about 0.45% of Warby Parker worth $7,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. acquired a new stake in Warby Parker during the 2nd quarter worth approximately $675,000. Panagora Asset Management Inc. raised its holdings in shares of Warby Parker by 8.6% during the second quarter. Panagora Asset Management Inc. now owns 214,560 shares of the company's stock worth $3,446,000 after acquiring an additional 16,939 shares during the period. Bank of New York Mellon Corp lifted its position in Warby Parker by 14.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company's stock valued at $12,965,000 after acquiring an additional 104,360 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in Warby Parker in the 2nd quarter worth $5,183,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Warby Parker by 113.3% during 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 purchasing an additional 1,315,672 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors.

Warby Parker Trading Down 3.2 %

WRBY stock traded down $0.44 during trading hours on Friday, hitting $13.10. 2,115,105 shares of the stock were exchanged, compared to its average volume of 1,387,963. The company has a 50-day simple moving average of $15.14 and a two-hundred day simple moving average of $14.53. The firm has a market capitalization of $1.30 billion, a P/E ratio of -27.87 and a beta of 1.80. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $17.95.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $188.22 million for the quarter, compared to analysts' expectations of $186.89 million. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. On average, equities research analysts predict that Warby Parker Inc. will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WRBY shares. Loop Capital raised their price target on shares of Warby Parker from $15.00 to $16.00 and gave the stock a "hold" rating in a research note on Wednesday, July 10th. UBS Group lifted their price target on shares of Warby Parker from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Friday, May 10th. Stifel Nicolaus increased their price objective on shares of Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Telsey Advisory Group restated an "outperform" rating and issued a $19.00 price objective on shares of Warby Parker in a report on Thursday, August 8th. Finally, Morgan Stanley upped their target price on Warby Parker from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.11.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CEO David Abraham Gilboa sold 149,034 shares of the business's stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $16.69, for a total transaction of $2,487,377.46. Following the completion of the transaction, the chief executive officer now directly owns 12,306 shares in the company, valued at $205,387.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Warby Parker news, CEO David Abraham Gilboa sold 149,034 shares of Warby Parker stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $16.69, for a total value of $2,487,377.46. Following the transaction, the chief executive officer now owns 12,306 shares in the company, valued at $205,387.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bradley E. Singer bought 50,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $13.00 per share, with a total value of $650,000.00. Following the purchase, the director now owns 100,000 shares of the company's stock, valued at approximately $1,300,000. The disclosure for this purchase can be found here. Insiders have sold a total of 5,756,246 shares of company stock valued at $90,395,950 in the last ninety days. 26.55% of the stock is currently 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.