Vanguard Group Inc. Has $237.70 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

Vanguard Group Inc. boosted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,818,075 shares of the company's stock after purchasing an additional 18,283 shares during the period. Vanguard Group Inc. owned 9.66% of Warby Parker worth $237,696,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new stake in shares of Warby Parker in the third quarter valued at $213,000. Charles Schwab Investment Management Inc. increased its position in Warby Parker by 13.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 729,049 shares of the company's stock valued at $11,905,000 after acquiring an additional 87,868 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Warby Parker by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,772 shares of the company's stock worth $3,197,000 after acquiring an additional 7,182 shares during the last quarter. State Street Corp lifted its position in shares of 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 purchasing an additional 69,108 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Warby Parker by 71.8% during the third quarter. XTX Topco Ltd now owns 44,145 shares of the company's stock valued at $721,000 after purchasing an additional 18,443 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Remove Ads

Warby Parker Stock Down 8.1 %

Warby Parker stock traded down $1.35 during mid-day trading on Thursday, hitting $15.19. 2,848,324 shares of the company's stock were exchanged, compared to its average volume of 1,699,975. The company's 50 day simple moving average is $21.38 and its 200-day simple moving average is $21.62. The firm has a market capitalization of $1.57 billion, a P/E ratio of -56.24 and a beta of 2.00. Warby Parker Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $28.68.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WRBY. UBS Group boosted their price objective on shares of Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. 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 research note on Monday, December 16th. Citigroup reiterated an "outperform" rating on shares of Warby Parker in a report on Friday, February 28th. Roth Mkm assumed coverage on Warby Parker in a report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on shares of Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Warby Parker presently has an average rating of "Moderate Buy" and an average target price of $23.29.

Insiders Place Their Bets

In other news, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the sale, the chief executive officer now owns 23,961 shares of the company's stock, valued at $563,562.72. This represents a 53.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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 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.