Capital Fund Management S.A. Invests $1.78 Million in Warby Parker Inc. $WRBY

Key Points

• Capital Fund Management S.A. acquired 97,436 shares of Warby Parker Inc. valued at approximately $1,776,000, increasing their holdings to about 0.09% of the company.
• Analysts have a generally positive outlook on Warby Parker, with a consensus rating of “Moderate Buy” and an average target price of $24.06.
• Insider transactions include CEO Neil Harris Blumenthal selling 50,000 shares and a 63.82% decrease in his ownership stake, indicating changing dynamics among company leadership.

Capital Fund Management S.A. acquired a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 97,436 shares of the company's stock, valued at approximately $1,776,000. Capital Fund Management S.A. owned 0.09% of Warby Parker at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Mariner LLC grew its holdings in shares of Warby Parker by 6.5% in the fourth quarter. Mariner LLC now owns 10,772 shares of the company's stock worth $261,000 after acquiring an additional 660 shares during the period. NewEdge Advisors LLC grew its holdings in Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after purchasing an additional 1,050 shares during the period. Comerica Bank grew its holdings in Warby Parker by 153.1% during the fourth quarter. Comerica Bank now owns 2,291 shares of the company's stock valued at $55,000 after purchasing an additional 1,386 shares during the period. New York State Teachers Retirement System bought a new stake in Warby Parker during the first quarter valued at about $27,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Warby Parker by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 744,589 shares of the company's stock valued at $13,574,000 after purchasing an additional 2,039 shares during the period. Institutional investors own 93.24% of the company's stock.

Warby Parker Trading Down 0.3%

Shares of NYSE:WRBY traded down $0.08 during mid-day trading on Friday, reaching $26.16. The stock had a trading volume of 1,012,938 shares, compared to its average volume of 1,845,253. The company has a market cap of $2.75 billion, a P/E ratio of -373.72 and a beta of 2.09. Warby Parker Inc. has a 1 year low of $12.69 and a 1 year high of $29.73. The business's 50 day moving average price is $24.01 and its 200 day moving average price is $21.01.

Insider Transactions at Warby Parker

In related news, Director Teresa Briggs sold 6,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $23.56, for a total value of $141,360.00. Following the sale, the director directly owned 44,879 shares in the company, valued at approximately $1,057,349.24. The trade was a 11.79% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $2,607,280 over the last quarter. 18.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WRBY. Cowen reissued a "buy" rating on shares of Warby Parker in a report on Friday, August 8th. Wall Street Zen upgraded Warby Parker from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group restated a "neutral" rating and issued a $23.00 price objective (up from $20.00) on shares of Warby Parker in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on Warby Parker from $21.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Finally, Piper Sandler restated an "overweight" rating and issued a $25.00 price objective (up from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and an average target price of $24.06.

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.