Zurcher Kantonalbank Zurich Cantonalbank Has $1.67 Million Stake in Warby Parker Inc. (NYSE:WRBY)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 483.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,133 shares of the company's stock after acquiring an additional 84,613 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of Warby Parker worth $1,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WRBY. Vaughan Nelson Investment Management L.P. boosted its holdings in Warby Parker by 113.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock valued at $39,787,000 after acquiring an additional 1,315,672 shares during the period. Marshall Wace LLP lifted its position in shares of Warby Parker by 1,013.4% during the 2nd quarter. Marshall Wace LLP now owns 1,422,940 shares of the company's stock worth $22,852,000 after purchasing an additional 1,295,136 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Warby Parker by 44.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company's stock valued at $25,192,000 after purchasing an additional 481,900 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in Warby Parker in the 2nd quarter valued at approximately $5,183,000. Finally, Dimensional Fund Advisors LP grew its holdings in Warby Parker by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company's stock valued at $21,994,000 after buying an additional 308,472 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Price Performance

Shares of WRBY traded down $0.43 during mid-day trading on Thursday, reaching $23.26. The company had a trading volume of 1,024,452 shares, compared to its average volume of 1,435,068. The company has a market capitalization of $2.36 billion, a P/E ratio of -86.15 and a beta of 1.93. Warby Parker Inc. has a twelve month low of $10.28 and a twelve month high of $24.60. The company's 50-day moving average is $19.01 and its 200-day moving average is $16.73.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the completion of the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock was 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 directly owns 12,177 shares in the company, valued at approximately $158,301. This represents a 69.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 150,194 shares of company stock worth $2,493,372 over the last three months. Company insiders own 26.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Telsey Advisory Group upped their price target on Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. William Blair upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating in a research note on Thursday, November 7th. BTIG Research increased their price target on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 1st. The Goldman Sachs Group upgraded shares of Warby Parker from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Finally, JMP Securities upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and a consensus target price of $18.82.

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.