Warby Parker Inc. (NYSE:WRBY) Shares Purchased by State Street Corp

State Street Corp lifted its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,209,025 shares of the company's stock after purchasing an additional 69,108 shares during the quarter. State Street Corp owned about 2.17% of Warby Parker worth $36,073,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Warby Parker by 3.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company's stock valued at $41,735,000 after purchasing an additional 78,295 shares during the last quarter. Jennison Associates LLC lifted its position in Warby Parker by 13.6% in the third quarter. Jennison Associates LLC now owns 1,939,116 shares of the company's stock valued at $31,666,000 after buying an additional 232,530 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Warby Parker by 12.8% during the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company's stock worth $30,315,000 after buying an additional 211,050 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of 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 valued at $29,111,000 after acquiring an additional 300,891 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Warby Parker by 44.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company's stock worth $25,192,000 after acquiring an additional 481,900 shares during the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WRBY has been the subject of several research reports. Piper Sandler lifted their target price on shares of Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Telsey Advisory Group boosted their price objective on Warby Parker from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. The Goldman Sachs Group lifted their target price on Warby Parker from $20.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. William Blair upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. Finally, JMP Securities upped their price target on Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.73.

Warby Parker Stock Performance

WRBY stock opened at $25.18 on Friday. Warby Parker Inc. has a one year low of $11.35 and a one year high of $25.35. The company has a fifty day moving average of $20.61 and a 200-day moving average of $17.20. The stock has a market capitalization of $2.56 billion, a PE ratio of -93.26 and a beta of 1.93.

Insider Buying and Selling

In related news, CFO Steven Clive Miller sold 7,016 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total value of $167,331.60. Following the sale, the chief financial officer now directly owns 182,130 shares of the company's stock, valued at approximately $4,343,800.50. This represents a 3.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,086 shares of company stock valued at $3,909,698 over the last quarter. Company insiders own 26.55% of the company's stock.

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.