Marshall Wace LLP Has $22.85 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Marshall Wace LLP grew its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 1,013.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,422,940 shares of the company's stock after purchasing an additional 1,295,136 shares during the period. Marshall Wace LLP owned about 1.44% of Warby Parker worth $22,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after purchasing an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Warby Parker during the 2nd quarter worth about $131,000. Sciencast Management LP acquired a new stake in shares of Warby Parker during the 1st quarter valued at about $145,000. Principal Financial Group Inc. bought a new stake in Warby Parker in the first quarter valued at about $158,000. Finally, Choreo LLC acquired a new position in Warby Parker in the second quarter worth about $167,000. Institutional investors own 93.24% of the company's stock.

Insider Buying and Selling at Warby Parker

In related news, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at $2,467,083.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steven Clive Miller sold 6,763 shares of the company'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 completion of the sale, the chief financial officer now owns 177,488 shares in the company, valued at $2,467,083.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $13.89, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $169,138.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,178 shares of company stock worth $1,339,901. Company insiders own 26.55% of the company's stock.

Warby Parker Stock Down 0.4 %

WRBY stock traded down $0.06 during trading on Friday, hitting $16.03. The company had a trading volume of 1,375,548 shares, compared to its average volume of 1,395,530. The firm has a 50-day moving average price of $14.76 and a 200-day moving average price of $14.70. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $17.95. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -34.11 and a beta of 1.80.

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

Wall Street Analyst Weigh In

WRBY has been the topic of several analyst reports. JMP Securities upgraded Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research note on Friday, August 23rd. Loop Capital lifted their price objective on Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a report on Wednesday, July 10th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $19.00 target price on shares of Warby Parker in a report on Thursday, August 8th. Piper Sandler initiated coverage on shares of Warby Parker in a report on Friday, August 23rd. They set an "overweight" rating and a $18.00 price target for the company. Finally, Stifel Nicolaus upped 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. Four equities 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.11.

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.