Versor Investments LP Makes New Investment in Warby Parker Inc. $WRBY

Key Points

• Versor Investments LP acquired 16,600 shares of Warby Parker Inc., valued at approximately $303,000, during the 1st quarter.
• Several institutional investors made significant changes to their positions in Warby Parker, including Universal Beteiligungs und Servicegesellschaft mbH and New York State Teachers Retirement System.
• Warby Parker's stock has seen a 52-week low of $12.69 and a high of $29.73, currently having a market capitalization of $2.74 billion and an average rating of "Moderate Buy" from analysts.

Versor Investments LP bought a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,600 shares of the company's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Warby Parker during the 1st quarter worth $2,029,000. New York State Teachers Retirement System acquired a new stake in shares of Warby Parker in the first quarter valued at about $27,000. Jennison Associates LLC lifted its stake in shares of Warby Parker by 23.7% in the first quarter. Jennison Associates LLC now owns 2,174,158 shares of the company's stock valued at $39,635,000 after purchasing an additional 416,797 shares during the period. Northern Trust Corp raised its position in Warby Parker by 7.5% during the fourth quarter. Northern Trust Corp now owns 811,038 shares of the company's stock worth $19,635,000 after acquiring an additional 56,674 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Warby Parker during the first quarter worth about $602,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of Warby Parker in a research report on Thursday, July 10th. The Goldman Sachs Group boosted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Securities boosted their price objective on shares of Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Warby Parker from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Loop Capital reissued a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Warby Parker has a consensus rating of "Moderate Buy" and a consensus price target of $24.06.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $25.11, for a total value of $1,255,500.00. Following the sale, the chief executive officer owned 28,347 shares in the company, valued at approximately $711,793.17. This trade represents a 63.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Teresa Briggs sold 6,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $23.56, for a total transaction of $141,360.00. Following the completion of the sale, the director owned 44,879 shares in the company, valued at approximately $1,057,349.24. The trade was a 11.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock valued at $2,607,280 over the last three months. 18.24% of the stock is owned by insiders.

Warby Parker Trading Up 3.6%

WRBY stock traded up $0.9480 during mid-day trading on Friday, reaching $27.0180. 1,098,401 shares of the stock traded hands, compared to its average volume of 1,886,181. Warby Parker Inc. has a 52-week low of $12.69 and a 52-week high of $29.73. The company has a market cap of $2.84 billion, a P/E ratio of -385.92 and a beta of 2.09. The stock's fifty day moving average is $23.53 and its 200-day moving average is $20.97.

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.