XTX Topco Ltd purchased a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,662 shares of the company's stock, valued at approximately $395,000.
Several other large investors also recently bought and sold shares of WRBY. Mariner LLC increased its holdings in shares of Warby Parker by 6.5% during the fourth quarter. Mariner LLC now owns 10,772 shares of the company's stock valued at $261,000 after acquiring an additional 660 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Warby Parker by 10.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company's stock valued at $224,000 after purchasing an additional 840 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Warby Parker by 700.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after buying an additional 1,050 shares during the period. Comerica Bank increased its stake in Warby Parker by 153.1% during the fourth quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after purchasing an additional 1,386 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Warby Parker during the first quarter worth about $27,000. Institutional investors own 93.24% of the company's stock.
Insider Activity
In related news, Director Youngme E. Moon sold 33,073 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the transaction, the director owned 53,869 shares of the company's stock, valued at approximately $1,071,993.10. This trade represents a 38.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 49,600 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $24.21, for a total transaction of $1,200,816.00. Following the completion of the transaction, the chief executive officer directly owned 28,347 shares in the company, valued at approximately $686,280.87. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,073 shares of company stock valued at $1,868,573. 18.24% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Loop Capital reaffirmed a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Citigroup reaffirmed a "neutral" rating and issued a $22.00 price objective (up from $17.00) on shares of Warby Parker in a research note on Wednesday, May 21st. The Goldman Sachs Group raised their target price on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 9th. Piper Sandler reiterated an "overweight" rating and issued a $25.00 price target (up from $20.00) on shares of Warby Parker in a report on Thursday, May 29th. Finally, Roth Capital set a $24.00 price objective on Warby Parker and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.06.
Read Our Latest Report on Warby Parker
Warby Parker Price Performance
NYSE WRBY traded up $1.55 on Wednesday, reaching $25.96. The company had a trading volume of 740,075 shares, compared to its average volume of 2,246,474. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -368.82 and a beta of 2.09. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $29.73. The business has a 50 day moving average of $22.75 and a two-hundred day moving average of $21.02.
About Warby Parker
(
Free Report)
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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