Shaker Investments LLC OH bought a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,526 shares of the company's stock, valued at approximately $279,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of Warby Parker in the 3rd quarter worth $7,462,000. Loomis Sayles & Co. L P increased its holdings in Warby Parker by 20.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company's stock worth $29,111,000 after buying an additional 300,891 shares in the last quarter. Jennison Associates LLC raised its position in Warby Parker by 13.6% in the 3rd quarter. Jennison Associates LLC now owns 1,939,116 shares of the company's stock worth $31,666,000 after buying an additional 232,530 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in Warby Parker by 12.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company's stock valued at $30,315,000 after acquiring an additional 211,050 shares during the period. Finally, Zweig DiMenna Associates LLC lifted its stake in Warby Parker by 57.2% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 507,450 shares of the company's stock valued at $8,287,000 after acquiring an additional 184,700 shares during the period. Institutional investors own 93.24% of the company's stock.
Insider Buying and Selling
In other news, CFO Steven Clive Miller sold 7,016 shares of Warby Parker stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total value of $167,331.60. Following the transaction, the chief financial officer now owns 182,130 shares of the company's stock, valued at $4,343,800.50. The trade was a 3.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $817,645.43. Following the sale, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at $275,321.97. The trade was a 74.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 608,032 shares of company stock valued at $15,188,364. Insiders own 26.55% of the company's stock.
Warby Parker Trading Down 2.0 %
NYSE:WRBY traded down $0.54 during midday trading on Friday, hitting $25.87. 387,443 shares of the company traded hands, compared to its average volume of 1,466,392. Warby Parker Inc. has a 12-month low of $11.35 and a 12-month high of $28.68. The firm has a market capitalization of $2.63 billion, a P/E ratio of -96.13 and a beta of 1.90. The firm's fifty day moving average is $25.47 and its 200-day moving average is $19.89.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on WRBY. BTIG Research boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JMP Securities raised their target price on Warby Parker from $23.00 to $28.00 and gave the stock a "market outperform" rating in a research report on Monday, December 16th. Robert W. Baird increased their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Piper Sandler boosted their target price on shares of Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $23.00 price target on shares of Warby Parker in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Warby Parker currently has a consensus rating of "Moderate Buy" and an average price target of $21.77.
Read Our Latest Research Report on Warby Parker
About Warby Parker
(
Free Report)
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.
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