Deutsche Bank AG Purchases 268,875 Shares of Warby Parker Inc. (NYSE:WRBY)

Deutsche Bank AG increased its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 155.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,536 shares of the company's stock after purchasing an additional 268,875 shares during the quarter. Deutsche Bank AG owned approximately 0.43% of Warby Parker worth $10,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in Warby Parker in the 4th quarter worth about $25,000. NewEdge Advisors LLC increased its holdings in Warby Parker by 700.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after buying an additional 1,050 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 1,028 shares during the last quarter. Comerica Bank grew its position in Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in Warby Parker during the fourth quarter worth $69,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WRBY shares. UBS Group cut their price objective on Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus decreased their price target 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 upped their price target on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 9th. Roth Mkm started coverage on Warby Parker in a report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Finally, Piper Sandler decreased their price objective on Warby Parker from $30.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Warby Parker presently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Insider Buying and Selling

In other Warby Parker news, 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 transaction, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at $563,562.72. This represents a 53.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Trading Up 16.1%

Warby Parker stock traded up $2.83 during midday trading on Tuesday, reaching $20.42. The company's stock had a trading volume of 10,910,278 shares, compared to its average volume of 1,853,001. The business has a 50-day moving average price of $16.90 and a 200-day moving average price of $21.59. Warby Parker Inc. has a 52 week low of $12.46 and a 52 week high of $28.68. The stock has a market cap of $2.13 billion, a PE ratio of -75.63 and a beta of 2.01.

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.