Diversified Trust Co Invests $214,000 in Warby Parker Inc. (NYSE:WRBY)

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

Several other hedge funds have also recently made changes to their positions in WRBY. Bank of New York Mellon Corp increased its position in Warby Parker by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock valued at $39,519,000 after buying an additional 268,025 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Warby Parker in the 4th quarter valued at about $273,000. Jones Financial Companies Lllp boosted its stake in 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. Charles Schwab Investment Management Inc. boosted its stake in Warby Parker by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,550 shares of the company's stock valued at $17,977,000 after purchasing an additional 13,501 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in Warby Parker during the 4th quarter valued at about $241,000. 93.24% of the stock is owned by institutional investors.

Warby Parker Stock Up 1.3%

NYSE:WRBY traded up $0.29 during midday trading on Friday, hitting $22.25. The company had a trading volume of 564,025 shares, compared to its average volume of 1,981,851. Warby Parker Inc. has a 52-week low of $12.46 and a 52-week high of $28.68. The stock's fifty day moving average price is $19.96 and its 200-day moving average price is $21.37. The company has a market capitalization of $2.33 billion, a PE ratio of -185.42 and a beta of 2.09.

Insider Transactions at Warby Parker

In related news, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the transaction, the director directly owned 53,869 shares in the company, valued at approximately $1,071,993.10. The trade was a 38.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on WRBY shares. UBS Group cut 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. JMP Securities lowered their target price on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 9th. TD Securities boosted their target price on shares of Warby Parker from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Citigroup reissued a "neutral" rating and set a $22.00 target price (up previously from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.88.

Warby Parker 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.