295,693 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 295,693 shares of the company's stock, valued at approximately $7,159,000. BNP Paribas Financial Markets owned 0.29% of Warby Parker as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Warby Parker in the fourth quarter valued at about $25,000. NewEdge Advisors LLC grew its position 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 valued at $29,000 after purchasing an additional 1,050 shares during the period. Jones Financial Companies Lllp grew its position in shares of 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 purchasing an additional 1,028 shares during the period. Comerica Bank increased its stake in Warby Parker by 153.1% during the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new stake in Warby Parker during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Insiders Place Their Bets

In other news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the business'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 $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 approximately $563,562.72. This trade represents a 53.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Telsey Advisory Group decreased their price objective on Warby Parker from $30.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Citigroup upgraded Warby Parker from a "sell" rating to a "neutral" rating and cut their target price for the company from $23.00 to $17.00 in a research note on Wednesday, April 30th. Roth Capital raised shares of Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Finally, JMP Securities reduced their target price on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Warby Parker presently has an average rating of "Moderate Buy" and an average price target of $22.00.

Warby Parker Stock Up 0.8%

Shares of WRBY traded up $0.14 during midday trading on Friday, reaching $17.71. 2,008,134 shares of the stock were exchanged, compared to its average volume of 1,813,082. The stock's 50 day simple moving average is $17.02 and its 200 day simple moving average is $21.52. The company has a market cap of $1.85 billion, a P/E ratio of -65.59 and a beta of 2.01. Warby Parker Inc. has a twelve month low of $12.46 and a twelve month high of $28.68.

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.