11,869 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired a new stake in Warby Parker Inc., purchasing 11,869 shares worth approximately $216,000.
• Multiple institutional investors, including Durable Capital Partners and Victory Capital Management, have significantly increased their holdings in Warby Parker, demonstrating growing confidence in the company.
• Analysts have set an average price target of $24.06 for Warby Parker shares, with several firms maintaining or upgrading their ratings on the stock.

Aigen Investment Management LP acquired a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,869 shares of the company's stock, valued at approximately $216,000.

Several other large investors also recently added to or reduced their stakes in WRBY. NewEdge Advisors LLC lifted its stake in Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after purchasing an additional 1,050 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Warby Parker during the first quarter worth about $27,000. Comerica Bank lifted 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 last quarter. Anderson Financial Strategies LLC bought a new stake in Warby Parker during the fourth quarter worth about $69,000. Finally, CWM LLC lifted its stake in 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 purchasing an additional 4,091 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 6,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 44,879 shares in the company, valued at $1,057,349.24. This represents a 11.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the sale, the director owned 53,869 shares in the company, valued at $1,071,993.10. The trade was a 38.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,073 shares of company stock worth $3,265,433 in the last 90 days. Insiders own 18.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WRBY. JMP Securities reaffirmed a "market perform" rating on shares of Warby Parker in a research note on Thursday, July 10th. BTIG Research reiterated a "buy" rating and issued a $28.00 price objective (up previously from $24.00) on shares of Warby Parker in a report on Thursday, August 7th. Roth Capital set a $24.00 price objective on Warby Parker and gave the stock a "neutral" rating in a report on Tuesday, August 5th. TD Securities lifted their price objective on Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $28.00 price objective on shares of Warby Parker in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Warby Parker presently has a consensus rating of "Moderate Buy" and an average price target of $24.06.

Warby Parker Trading Up 1.5%

Shares of WRBY stock traded up $0.39 during midday trading on Friday, reaching $27.24. 1,804,351 shares of the stock were exchanged, compared to its average volume of 1,886,962. Warby Parker Inc. has a 1 year low of $12.69 and a 1 year high of $29.73. The company's 50 day moving average is $23.10 and its two-hundred day moving average is $21.03. The firm has a market cap of $2.87 billion, a PE ratio of -389.09 and a beta of 2.09.

Warby Parker Company 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.