Ameriprise Financial Inc. Acquires New Shares in Warby Parker Inc. (NYSE:WRBY)

Ameriprise Financial Inc. acquired a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,187 shares of the company's stock, valued at approximately $295,000.

Several other large investors have also bought and sold shares of WRBY. Global Retirement Partners LLC bought a new position in Warby Parker in the fourth quarter valued at about $25,000. NewEdge Advisors LLC raised its position in shares of 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 acquiring an additional 1,050 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after acquiring an additional 1,028 shares during the last quarter. Comerica Bank raised its position in shares of 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 acquiring an additional 1,386 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in shares of Warby Parker during the fourth quarter worth about $69,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and set a $25.00 price objective (up from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Roth Mkm started coverage on Warby Parker in a research report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective for the company. The Goldman Sachs Group raised their target price on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Robert W. Baird raised their target price on Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.88.

Warby Parker Price Performance

Shares of NYSE:WRBY opened at $21.19 on Friday. The company has a market capitalization of $2.21 billion, a PE ratio of -78.48 and a beta of 2.10. The business has a fifty day moving average price of $17.21 and a two-hundred day moving average price of $21.60. Warby Parker Inc. has a 1 year low of $12.46 and a 1 year high of $28.68.

Insider Transactions at Warby Parker

In other news, Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total transaction of $658,152.70. Following the completion of the sale, the director now owns 53,869 shares in the company, 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 SEC, which can be accessed through this link. 18.24% of the stock is owned by corporate insiders.

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.

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