Ameriprise Financial Inc. acquired a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,187 shares of the company's stock, valued at approximately $295,000.
Several other institutional investors have also recently made changes to their positions in WRBY. Global Retirement Partners LLC acquired a new position in shares of Warby Parker during the fourth quarter valued at about $25,000. NewEdge Advisors LLC raised its holdings in shares of Warby Parker by 700.0% in the 4th 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 holdings in shares of Warby Parker by 205.6% in the 4th 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 holdings in shares of Warby Parker by 153.1% in the 4th 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 acquired a new stake in shares of Warby Parker in the 4th quarter worth about $69,000. Institutional investors and hedge funds own 93.24% of the company's stock.
Analyst Ratings Changes
WRBY has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Telsey Advisory Group lowered their target price on shares of Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus upped their target price on shares of Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. Robert W. Baird upped their target price on shares of Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Finally, TD Securities upped their target price on shares of Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.88.
Get Our Latest Report on WRBY
Insider Buying and Selling
In related news, Director Youngme E. Moon sold 33,073 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the transaction, the director now directly owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.24% of the stock is owned by insiders.
Warby Parker Price Performance
Shares of Warby Parker stock traded up $0.89 on Monday, reaching $22.47. 2,085,357 shares of the company traded hands, compared to its average volume of 1,932,904. Warby Parker Inc. has a 52 week low of $12.46 and a 52 week high of $28.68. The company has a 50 day moving average of $17.35 and a 200 day moving average of $21.56. The firm has a market capitalization of $2.35 billion, a PE ratio of -83.24 and a beta of 2.10.
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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