Trexquant Investment LP Has $3.92 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

Trexquant Investment LP lowered its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,973 shares of the company's stock after selling 85,654 shares during the period. Trexquant Investment LP owned about 0.16% of Warby Parker worth $3,921,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp lifted its position in Warby Parker by 3.2% during the third quarter. State Street Corp now owns 2,209,025 shares of the company's stock worth $36,073,000 after buying an additional 69,108 shares during the period. Shaker Investments LLC OH acquired a new stake in Warby Parker during the 4th quarter worth approximately $279,000. Geode Capital Management LLC lifted its position in Warby Parker by 7.9% during the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company's stock valued at $32,187,000 after buying an additional 144,623 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Warby Parker by 205.6% during the fourth 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 period. Finally, Raymond James Financial Inc. purchased a new position in shares of Warby Parker in the 4th quarter valued at $8,272,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WRBY shares. Roth Capital upgraded Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. Telsey Advisory Group reiterated an "outperform" rating and set a $28.00 price objective on shares of Warby Parker in a research note on Thursday, February 27th. Stifel Nicolaus cut their price objective on shares of Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a report on Thursday. Roth Mkm initiated coverage on Warby Parker in a research note on Tuesday, February 25th. They set a "neutral" rating and a $26.00 target price for the company. Finally, JMP Securities boosted their price target on Warby Parker from $23.00 to $28.00 and gave the stock a "market outperform" rating in a research note on Monday, December 16th. Six investment 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. According to data from MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and a consensus target price of $23.29.

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Insider Activity at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker 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 in the company, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,651 shares of company stock worth $2,313,092 over the last ninety days. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Trading Down 10.7 %

WRBY traded down $1.77 during trading hours on Thursday, hitting $14.76. The company's stock had a trading volume of 783,546 shares, compared to its average volume of 1,688,780. Warby Parker Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $28.68. The company has a 50-day simple moving average of $21.63 and a 200 day simple moving average of $21.62. The firm has a market capitalization of $1.53 billion, a PE ratio of -55.07 and a beta of 2.00.

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.