Fmr LLC Sells 652,938 Shares of Warby Parker Inc. (NYSE:WRBY)

FMR LLC decreased its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,015,648 shares of the company's stock after selling 652,938 shares during the quarter. FMR LLC owned approximately 5.92% of Warby Parker worth $145,639,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WRBY. Arizona State Retirement System boosted its stake in shares of Warby Parker by 2.6% in the fourth quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock worth $602,000 after acquiring an additional 619 shares during the period. Global Retirement Partners LLC purchased a new position in Warby Parker in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its stake in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after purchasing an additional 1,028 shares during the period. KBC Group NV grew its holdings in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after buying an additional 1,339 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Warby Parker by 2.2% during the fourth quarter. Rhumbline Advisers now owns 123,915 shares of the company's stock valued at $3,000,000 after buying an additional 2,634 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Insider Activity

In related news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares of the company's stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at approximately $336,206.97. This trade represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,651 shares of company stock valued at $2,313,092. 26.55% of the stock is currently owned by company insiders.

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Warby Parker Stock Down 0.5 %

WRBY traded down $0.08 during trading hours on Tuesday, reaching $14.79. 1,733,414 shares of the company's stock traded hands, compared to its average volume of 1,718,276. The firm has a 50-day moving average price of $20.67 and a 200 day moving average price of $21.60. The firm has a market capitalization of $1.53 billion, a PE ratio of -54.76 and a beta of 2.00. Warby Parker Inc. has a 52-week low of $11.66 and a 52-week high of $28.68.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group upped their target price 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 cut their price objective on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a research report on Monday. Evercore ISI reiterated an "in-line" rating and issued a $23.00 target price on shares of Warby Parker in a research report on Friday, January 17th. Roth Mkm assumed coverage on Warby Parker in a report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price target for the company. Finally, Roth Capital raised Warby Parker to a "strong-buy" rating in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.71.

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.