Diversified Trust Co Makes New Investment in Warby Parker Inc. (NYSE:WRBY)

Diversified Trust Co bought a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,751 shares of the company's stock, valued at approximately $214,000.

A number of other large investors also recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in shares of Warby Parker by 7.5% during the fourth quarter. Northern Trust Corp now owns 811,038 shares of the company's stock valued at $19,635,000 after buying an additional 56,674 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Warby Parker in the 1st quarter worth $602,000. Raymond James Financial Inc. bought a new position in shares of Warby Parker during the 4th quarter valued at about $8,272,000. Jones Financial Companies Lllp boosted its holdings in shares of Warby Parker by 205.6% during 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 last quarter. Finally, Bank of America Corp DE grew its position in shares of Warby Parker by 122.8% during the fourth quarter. Bank of America Corp DE now owns 391,868 shares of the company's stock valued at $9,487,000 after purchasing an additional 215,959 shares in the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Stock Up 1.3%

NYSE:WRBY traded up $0.29 during mid-day trading on Friday, reaching $22.25. The company's stock had a trading volume of 564,025 shares, compared to its average volume of 1,977,269. Warby Parker Inc. has a 1 year low of $12.46 and a 1 year high of $28.68. The stock has a fifty day moving average of $19.82 and a 200-day moving average of $21.40. The firm has a market capitalization of $2.33 billion, a PE ratio of -185.42 and a beta of 2.09.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group dropped their price target on Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Citigroup reissued a "neutral" rating and issued a $22.00 target price (up from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Piper Sandler reiterated an "overweight" rating and set a $25.00 price objective (up previously from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Roth Capital restated a "neutral" rating and set a $21.00 target price (up from $18.00) on shares of Warby Parker in a research report on Thursday, May 22nd. Finally, JMP Securities lowered their price target 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. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.88.

Insider Activity at Warby Parker

In related news, Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total transaction of $658,152.70. Following the transaction, the director directly owned 53,869 shares of the company's stock, valued at $1,071,993.10. This trade represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 18.24% of the company's stock.

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.