Warby Parker Inc. (NYSE:WRBY) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,555,705 shares of the company's stock after purchasing an additional 78,295 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 2.54% of Warby Parker worth $41,735,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WRBY. Advisors Asset Management Inc. increased its holdings in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after purchasing an additional 2,276 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Warby Parker in the second quarter valued at approximately $131,000. Choreo LLC acquired a new stake in shares of Warby Parker in the second quarter valued at approximately $167,000. SG Americas Securities LLC acquired a new stake in Warby Parker during the first quarter worth $176,000. Finally, AQR Capital Management LLC purchased a new position in shares of Warby Parker during the second quarter worth $186,000. Hedge funds and other institutional investors own 93.24% of the company's stock.

Warby Parker Trading Up 0.5 %

Shares of NYSE:WRBY traded up $0.11 during trading on Friday, hitting $21.45. 1,571,087 shares of the stock were exchanged, compared to its average volume of 1,687,555. The company has a fifty day moving average price of $16.64 and a two-hundred day moving average price of $15.87. The company has a market cap of $2.18 billion, a PE ratio of -79.44 and a beta of 1.80. Warby Parker Inc. has a 12-month low of $10.28 and a 12-month high of $21.77.

Analysts Set New Price Targets

A number of research firms have recently commented on WRBY. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Stifel Nicolaus boosted their price target on Warby Parker from $14.00 to $15.00 and gave the company a "hold" rating in a research report on Friday, August 9th. William Blair upgraded Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. Piper Sandler boosted their price target on Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $19.00 price target on shares of Warby Parker in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Warby Parker currently has an average rating of "Moderate Buy" and a consensus price target of $18.18.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 15,272 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $198,536.00. Following the sale, the chief financial officer now owns 184,251 shares of the company's stock, valued at approximately $2,395,263. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at $158,301. This trade represents a 69.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock valued at $1,339,901 in the last quarter. 26.55% of the stock is currently owned by corporate insiders.

About Warby Parker

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.