Renaissance Technologies LLC Purchases 313,100 Shares of Warby Parker Inc. (NYSE:WRBY)

Renaissance Technologies LLC raised its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,002,400 shares of the company's stock after acquiring an additional 313,100 shares during the period. Renaissance Technologies LLC owned approximately 1.97% of Warby Parker worth $48,478,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WRBY. Arizona State Retirement System increased its stake in Warby Parker by 2.6% in the fourth quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock valued at $602,000 after purchasing an additional 619 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Warby Parker during the fourth quarter valued at $25,000. Jones Financial Companies Lllp increased its holdings 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 worth $37,000 after buying an additional 1,028 shares during the last quarter. KBC Group NV lifted 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 valued at $115,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Warby Parker by 2.2% during the fourth quarter. Rhumbline Advisers now owns 123,915 shares of the company's stock worth $3,000,000 after purchasing an additional 2,634 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company's stock.

Warby Parker Trading Down 2.6 %

Shares of NYSE WRBY traded down $0.39 during trading on Wednesday, reaching $14.39. The company had a trading volume of 356,652 shares, compared to its average volume of 1,713,161. The stock has a 50-day moving average price of $20.67 and a two-hundred day moving average price of $21.60. The stock has a market capitalization of $1.49 billion, a PE ratio of -53.30 and a beta of 2.00. Warby Parker Inc. has a twelve month low of $11.66 and a twelve month high of $28.68.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WRBY. Stifel Nicolaus dropped their target price on Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Roth Capital raised shares of Warby Parker to a "strong-buy" rating in a report on Monday, February 24th. Citigroup reiterated an "outperform" rating on shares of Warby Parker in a research report on Friday, February 28th. JMP Securities reduced their price target on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Monday. Finally, Robert W. Baird lifted their target price 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.71.

Insider Activity

In other Warby Parker 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 value of $274,807.68. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were 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 represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,651 shares of company stock valued at $2,313,092. Company insiders own 26.55% of the company's stock.

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.