Quantbot Technologies LP Purchases New Holdings in Warby Parker Inc. (NYSE:WRBY)

Quantbot Technologies LP bought a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,675 shares of the company's stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Warby Parker in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its stake in Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after acquiring an additional 1,028 shares in the last quarter. KBC Group NV grew its holdings in Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after purchasing an additional 1,339 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Warby Parker during the fourth quarter worth $201,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Warby Parker during the 3rd quarter valued at $213,000. Institutional investors own 93.24% of the company's stock.

Warby Parker Stock Down 2.3 %

Shares of WRBY stock traded down $0.43 on Monday, hitting $18.25. The company had a trading volume of 1,531,839 shares, compared to its average volume of 1,635,175. The firm has a market cap of $1.89 billion, a P/E ratio of -67.57 and a beta of 1.91. Warby Parker Inc. has a twelve month low of $11.66 and a twelve month high of $28.68. The company has a 50-day moving average price of $23.48 and a 200-day moving average price of $21.62.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Telsey Advisory Group restated an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a research note on Thursday, February 27th. Roth Mkm assumed coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective for the company. UBS Group boosted their target price on shares of Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Finally, Robert W. Baird raised their price target on shares of Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Six investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.43.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 300,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $306,129.78. This represents a 96.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares in the company, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 389,651 shares of company stock valued at $9,855,092. 26.55% of the stock is owned by company insiders.

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.