Symmetry Investments LP Buys New Shares in Warby Parker Inc. (NYSE:WRBY)

Symmetry Investments LP purchased a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 354,454 shares of the company's stock, valued at approximately $8,581,000. Symmetry Investments LP owned approximately 0.35% of Warby Parker at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WRBY. Global Retirement Partners LLC purchased a new stake in Warby Parker in the 4th quarter valued at $25,000. NewEdge Advisors LLC grew its stake in shares of Warby Parker by 700.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after acquiring an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after purchasing an additional 1,028 shares during the last quarter. KBC Group NV lifted its position in shares of Warby Parker by 39.3% during the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in Warby Parker during the fourth quarter worth about $201,000. 93.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on WRBY. The Goldman Sachs Group dropped their target price on shares of Warby Parker from $29.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $28.00 price objective on shares of Warby Parker in a research report on Thursday, February 27th. UBS Group raised their target price on Warby Parker from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Roth Mkm began coverage on shares of Warby Parker in a report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price target on the stock. Finally, Robert W. Baird raised their price objective on shares of Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Warby Parker has a consensus rating of "Moderate Buy" and a consensus target price of $22.93.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was 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 of the company's stock, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the transaction, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,651 shares of company stock worth $2,313,092. 26.55% of the stock is owned by company insiders.

Warby Parker Stock Performance

NYSE WRBY traded down $0.21 during trading hours on Monday, hitting $15.31. The company had a trading volume of 759,073 shares, compared to its average volume of 1,755,293. The firm has a 50 day simple moving average of $18.86 and a 200 day simple moving average of $21.58. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -56.75 and a beta of 2.00.

Warby Parker Company 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.