Charles Schwab Investment Management Inc. Buys 13,501 Shares of Warby Parker Inc. (NYSE:WRBY)

Charles Schwab Investment Management Inc. raised its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 742,550 shares of the company's stock after purchasing an additional 13,501 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.73% of Warby Parker worth $17,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WRBY. Global Retirement Partners LLC bought a new stake in Warby Parker during the 4th quarter valued at $25,000. Jones Financial Companies Lllp boosted its holdings in Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after acquiring an additional 1,028 shares during the last quarter. KBC Group NV boosted 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 worth $115,000 after acquiring an additional 1,339 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Warby Parker during the 3rd quarter worth $213,000. Finally, Proficio Capital Partners LLC purchased a new position in Warby Parker during the 4th quarter worth $273,000. Institutional investors own 93.24% of the company's stock.

Insider Buying and Selling at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 300,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven Clive Miller sold 11,684 shares of the company's 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 sale, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 389,651 shares of company stock valued at $9,855,092 over the last three months. 26.55% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Citigroup reaffirmed an "outperform" rating on shares of Warby Parker in a report on Friday, February 28th. Roth Mkm assumed coverage on shares of Warby Parker in a report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $28.00 price objective on shares of Warby Parker in a report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.43.

Warby Parker Stock Performance

NYSE WRBY traded down $0.17 during trading on Friday, hitting $18.84. 2,389,317 shares of the company's stock traded hands, compared to its average volume of 1,592,703. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -69.78 and a beta of 1.91. Warby Parker Inc. has a 12-month low of $11.66 and a 12-month high of $28.68. The business has a 50 day moving average of $24.19 and a 200-day moving average of $21.34.

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.