18,527 Shares in Warby Parker Inc. $WRBY Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC purchased 18,527 shares of Warby Parker Inc. valued at approximately $412,000 in the second quarter.
• Insider sales included Director Teresa Briggs selling 6,000 shares and CEO Neil Harris Blumenthal selling 50,000 shares, representing significant decreases in their positions.
• Warby Parker's stock is currently down 3.1%, with a market capitalization of $2.67 billion and an average rating of "Hold" from analysts.

Wealth Enhancement Advisory Services LLC bought a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,527 shares of the company's stock, valued at approximately $412,000.

Other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Warby Parker in the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Warby Parker in the 1st quarter worth approximately $58,000. Anderson Financial Strategies LLC increased its position in Warby Parker by 39.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company's stock worth $72,000 after buying an additional 1,109 shares during the period. CWM LLC lifted its holdings in shares of Warby Parker by 231.9% during the first quarter. CWM LLC now owns 5,855 shares of the company's stock worth $107,000 after buying an additional 4,091 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Warby Parker by 4,937.0% in the first quarter. GAMMA Investing LLC now owns 6,800 shares of the company's stock valued at $124,000 after acquiring an additional 6,665 shares during the period. 93.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WRBY has been the topic of a number of research reports. Cowen reaffirmed a "buy" rating on shares of Warby Parker in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on shares of Warby Parker from $21.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $28.00 target price on shares of Warby Parker in a research note on Thursday, August 7th. JMP Securities reissued a "market perform" rating on shares of Warby Parker in a research report on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Warby Parker in a report on Saturday, September 27th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Warby Parker currently has an average rating of "Hold" and a consensus price target of $24.75.

Insider Transactions at Warby Parker

In other Warby Parker news, Director Teresa Briggs sold 6,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $23.56, for a total value of $141,360.00. Following the transaction, the director directly owned 44,879 shares in the company, valued at approximately $1,057,349.24. This trade represents a 11.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was 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 of the company's stock, valued at approximately $711,793.17. The trade was a 63.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,000 shares of company stock worth $4,919,941. Corporate insiders own 18.24% of the company's stock.

Warby Parker Stock Down 3.1%

Warby Parker stock opened at $25.41 on Tuesday. The stock has a 50-day simple moving average of $26.20 and a 200 day simple moving average of $21.81. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -362.95 and a beta of 2.10. Warby Parker Inc. has a 12-month low of $13.63 and a 12-month high of $29.73.

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.

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