Raymond James Financial Inc. Makes New Investment in Warby Parker Inc. (NYSE:WRBY)

Raymond James Financial Inc. purchased a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 341,694 shares of the company's stock, valued at approximately $8,272,000. Raymond James Financial Inc. owned approximately 0.34% of Warby Parker as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WRBY. Vaughan Nelson Investment Management L.P. raised its stake in Warby Parker by 3.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company's stock valued at $64,047,000 after purchasing an additional 89,835 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Warby Parker by 64.7% in the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock worth $51,916,000 after buying an additional 842,558 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Warby Parker by 18.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock valued at $48,478,000 after buying an additional 313,100 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Warby Parker by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,997,624 shares of the company's stock valued at $48,375,000 after buying an additional 27,004 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Warby Parker by 19.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock worth $39,519,000 after acquiring an additional 268,025 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Insider Activity at Warby Parker

In related news, CFO Steven Clive Miller sold 11,684 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares of the company's stock, valued at $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $336,206.97. This trade represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,651 shares of company stock worth $2,313,092 over the last 90 days. 26.55% of the stock is owned by company insiders.

Warby Parker Stock Up 2.8 %

NYSE:WRBY opened at $14.39 on Wednesday. Warby Parker Inc. has a twelve month low of $11.66 and a twelve month high of $28.68. The stock has a market cap of $1.49 billion, a P/E ratio of -53.29 and a beta of 2.00. The firm's fifty day simple moving average is $19.47 and its 200 day simple moving average is $21.55.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WRBY shares. Telsey Advisory Group restated an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a research report on Thursday, February 27th. Roth Mkm assumed coverage on Warby Parker in a report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Morgan Stanley upped 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. Citigroup reiterated an "outperform" rating on shares of Warby Parker in a research report on Friday, February 28th. Finally, Roth Capital upgraded shares of Warby Parker to a "strong-buy" rating in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Warby Parker presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.93.

Warby Parker Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.