Warby Parker Inc. (NYSE:WRBY) Shares Sold by D1 Capital Partners L.P.

D1 Capital Partners L.P. cut its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,261,814 shares of the company's stock after selling 2,599,550 shares during the quarter. Warby Parker comprises 2.1% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 17th biggest position. D1 Capital Partners L.P. owned about 5.18% of Warby Parker worth $127,389,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Warby Parker by 3.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company's stock worth $64,047,000 after purchasing an additional 89,835 shares during the last quarter. American Century Companies Inc. lifted its position in Warby Parker by 64.7% during the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock worth $51,916,000 after buying an additional 842,558 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Warby Parker by 18.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock worth $48,478,000 after buying an additional 313,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in Warby Parker by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,997,624 shares of the company's stock valued at $48,375,000 after buying an additional 27,004 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Warby Parker by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock worth $39,519,000 after acquiring an additional 268,025 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WRBY. Citigroup reissued an "outperform" rating on shares of Warby Parker in a research report on Friday, February 28th. Roth Capital raised shares of Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. Telsey Advisory Group restated an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a report on Thursday, February 27th. Roth Mkm started coverage on Warby Parker in a report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.93.

Insider Activity

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

Warby Parker Price Performance

Shares of Warby Parker stock opened at $14.92 on Thursday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -55.26 and a beta of 2.00. The business has a 50-day moving average of $19.26 and a 200 day moving average of $21.50. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68.

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.

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