Dimensional Fund Advisors LP Buys 74,996 Shares of Warby Parker Inc. (NYSE:WRBY)

Dimensional Fund Advisors LP raised its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,495,189 shares of the company's stock after acquiring an additional 74,996 shares during the quarter. Dimensional Fund Advisors LP owned 1.47% of Warby Parker worth $36,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in Warby Parker during the 4th quarter worth about $25,000. NewEdge Advisors LLC raised its holdings in shares of Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after acquiring an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its position in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after buying an additional 1,028 shares during the period. KBC Group NV increased its stake in shares of Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in Warby Parker in the fourth quarter worth approximately $201,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction on 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 directly owns 204,727 shares of the company's stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. 26.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on WRBY. UBS Group raised their price target on Warby Parker from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Morgan Stanley raised their price target on Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Evercore ISI reissued an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. Robert W. Baird boosted their price objective on Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Finally, JMP Securities reduced their price target on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.64.

Warby Parker Price Performance

NYSE WRBY traded up $0.46 on Thursday, hitting $16.62. 4,144,321 shares of the stock were exchanged, compared to its average volume of 1,808,319. The company has a market capitalization of $1.74 billion, a PE ratio of -61.54 and a beta of 2.01. The business's fifty day moving average is $17.60 and its 200 day moving average is $21.52. Warby Parker Inc. has a 52 week low of $12.26 and a 52 week high of $28.68.

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.