341,694 Shares in Warby Parker Inc. (NYSE:WRBY) Purchased by Raymond James Financial Inc.

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

A number of other hedge funds have also recently added to or reduced their stakes in WRBY. Global Retirement Partners LLC purchased a new stake in Warby Parker in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its stake in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after buying an additional 1,028 shares during the period. KBC Group NV increased its holdings in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after buying an additional 1,339 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Warby Parker in the 3rd quarter worth $213,000. Finally, Atria Investments Inc purchased a new stake in Warby Parker during the fourth quarter valued at about $241,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of the transaction, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the sale, the chief executive officer now directly 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 389,651 shares of company stock worth $9,855,092 over the last ninety days. 26.55% of the stock is owned by insiders.

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Warby Parker Price Performance

NYSE:WRBY traded down $0.72 during mid-day trading on Wednesday, reaching $19.45. The stock had a trading volume of 1,778,745 shares, compared to its average volume of 1,598,907. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -72.02 and a beta of 1.91. The stock's 50 day simple moving average is $24.00 and its two-hundred day simple moving average is $21.49.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WRBY. Robert W. Baird boosted their target price on Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Telsey Advisory Group restated an "outperform" rating and set a $28.00 target price on shares of Warby Parker in a report on Thursday, February 27th. Roth Mkm started coverage on Warby Parker in a report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price target for the company. The Goldman Sachs Group boosted their price objective on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.43.

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.