Perpetual Ltd Takes Position in Warby Parker Inc. (NYSE:WRBY)

Perpetual Ltd purchased a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,140 shares of the company's stock, valued at approximately $488,000.

Several other large investors have also recently bought and sold shares of WRBY. Marshall Wace LLP grew its position in shares of Warby Parker by 1,013.4% during the 2nd quarter. Marshall Wace LLP now owns 1,422,940 shares of the company's stock worth $22,852,000 after purchasing an additional 1,295,136 shares in the last quarter. Verition Fund Management LLC bought a new position in Warby Parker during the third quarter worth $7,462,000. Dimensional Fund Advisors LP raised its stake in Warby Parker by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company's stock worth $21,994,000 after buying an additional 308,472 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in Warby Parker by 20.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company's stock worth $29,111,000 after purchasing an additional 300,891 shares during the period. Finally, Driehaus Capital Management LLC grew its holdings in Warby Parker by 43.9% in the second quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company's stock worth $12,952,000 after purchasing an additional 246,011 shares during the period. 93.24% of the stock is owned by institutional investors.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 14,853 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the transaction, the chief financial officer now owns 189,146 shares in the company, valued at approximately $4,276,591.06. This represents a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $287,986.05. This represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 558,032 shares of company stock worth $13,807,864. Corporate insiders own 26.55% of the company's stock.

Warby Parker Stock Up 6.2 %

Shares of WRBY traded up $1.56 during trading hours on Thursday, reaching $26.53. 826,383 shares of the company traded hands, compared to its average volume of 1,758,661. The company's fifty day moving average price is $24.27 and its two-hundred day moving average price is $18.74. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -97.93 and a beta of 1.88. Warby Parker Inc. has a 12 month low of $11.35 and a 12 month high of $27.10.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on shares of Warby Parker from $20.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. JMP Securities lifted their price objective on shares of Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Telsey Advisory Group lifted their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, Evercore ISI restated an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $21.67.

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.