19,680 Shares in Warby Parker Inc. (NYSE:WRBY) Purchased by LPL Financial LLC

LPL Financial LLC purchased a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,680 shares of the company's stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WRBY. Global Retirement Partners LLC bought a new stake in shares of Warby Parker during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its holdings in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after acquiring an additional 1,028 shares during the last quarter. KBC Group NV lifted its stake in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after purchasing an additional 1,339 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Warby Parker during the 4th quarter valued at about $201,000. Finally, BBR Partners LLC purchased a new position in shares of Warby Parker during the fourth quarter valued at about $239,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WRBY has been the subject of several research analyst reports. JMP Securities cut their price target on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Robert W. Baird boosted their price target on shares of Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group dropped their target price on Warby Parker from $29.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Roth Capital upgraded 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.64.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at $563,562.72. This trade represents a 53.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $274,807.68. Following the completion of the transaction, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 26.55% of the company's stock.

Warby Parker Stock Performance

NYSE WRBY traded up $0.25 on Thursday, reaching $16.76. 192,453 shares of the stock traded hands, compared to its average volume of 1,760,655. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The company has a fifty day moving average price of $18.32 and a 200-day moving average price of $21.50. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -62.11 and a beta of 2.00.

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.