PDT Partners LLC Has $1.25 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

PDT Partners LLC reduced its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,811 shares of the company's stock after selling 133,610 shares during the period. PDT Partners LLC owned about 0.08% of Warby Parker worth $1,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in Warby Parker by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock worth $782,000 after purchasing an additional 1,556 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Warby Parker by 11.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company's stock valued at $413,000 after acquiring an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Warby Parker by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company's stock valued at $717,000 after acquiring an additional 3,007 shares in the last quarter. Arizona State Retirement System raised its position in shares of Warby Parker by 16.0% during the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company's stock valued at $376,000 after acquiring an additional 3,224 shares in the last quarter. Finally, LVW Advisors LLC lifted its stake in Warby Parker by 27.9% during the third quarter. LVW Advisors LLC now owns 16,027 shares of the company's stock worth $262,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Warby Parker Stock Down 2.3 %

Warby Parker stock traded down $0.52 during trading hours on Monday, hitting $22.02. 1,726,837 shares of the company traded hands, compared to its average volume of 1,432,593. Warby Parker Inc. has a 1-year low of $10.28 and a 1-year high of $24.60. The firm has a market cap of $2.24 billion, a P/E ratio of -83.48 and a beta of 1.93. The firm's 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $16.55.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a "neutral" rating to a "buy" rating and increased their target price for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Stifel Nicolaus raised their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a report on Friday, August 9th. William Blair raised Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, JMP Securities upgraded Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Warby Parker has a consensus rating of "Moderate Buy" and an average price target of $18.82.

Insider Activity at Warby Parker

In related news, CFO Steven Clive Miller sold 15,272 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the transaction, the chief financial officer now owns 184,251 shares of the company's stock, valued at $2,395,263. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $13.89, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $169,138.53. This trade represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock worth $1,339,901 over the last quarter. 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.