Vaughan Nelson Investment Management L.P. Purchases 89,835 Shares of Warby Parker Inc. (NYSE:WRBY)

Vaughan Nelson Investment Management L.P. raised its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,645,540 shares of the company's stock after buying an additional 89,835 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 2.60% of Warby Parker worth $64,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WRBY. Choreo LLC increased its position in shares of Warby Parker by 60.6% during the fourth quarter. Choreo LLC now owns 17,155 shares of the company's stock valued at $415,000 after buying an additional 6,472 shares during the period. KBC Group NV grew 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 worth $115,000 after acquiring an additional 1,339 shares during the period. Dakota Wealth Management bought a new position in shares of Warby Parker in the 4th quarter worth approximately $895,000. Perpetual Ltd purchased a new position in shares of Warby Parker in the 4th quarter valued at approximately $488,000. Finally, Geode Capital Management LLC lifted its stake in shares of Warby Parker by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company's stock valued at $32,187,000 after purchasing an additional 144,623 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Trading Up 1.4 %

NYSE:WRBY traded up $0.36 during mid-day trading on Wednesday, reaching $26.17. The company's stock had a trading volume of 696,544 shares, compared to its average volume of 1,529,348. The firm's fifty day moving average price is $25.41 and its two-hundred day moving average price is $19.84. The stock has a market cap of $2.66 billion, a P/E ratio of -96.93 and a beta of 1.90. Warby Parker Inc. has a 12-month low of $11.35 and a 12-month high of $28.68.

Analyst Ratings Changes

WRBY has been the subject of a number of research reports. Morgan Stanley increased their price objective on Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. William Blair raised shares of Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. Telsey Advisory Group boosted their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Piper Sandler raised their target price on shares of Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price target on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Warby Parker has an average rating of "Moderate Buy" and an average target price of $21.77.

Insider Activity at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 36,163 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $817,645.43. Following the completion of the sale, the chief executive officer now owns 12,177 shares of the company's stock, valued at $275,321.97. This represents a 74.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Clive Miller sold 7,016 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the completion of the transaction, the chief financial officer now owns 182,130 shares in the company, valued at $4,343,800.50. This trade represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 608,032 shares of company stock worth $15,188,364 over the last quarter. Company insiders own 26.55% of the company's stock.

Warby Parker 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.