Bank of America Corp DE Has $9.49 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

Bank of America Corp DE boosted its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 122.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 391,868 shares of the company's stock after buying an additional 215,959 shares during the quarter. Bank of America Corp DE owned 0.39% of Warby Parker worth $9,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WRBY. American Century Companies Inc. boosted its position in shares of Warby Parker by 64.7% in the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after purchasing an additional 842,558 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Warby Parker in the fourth quarter worth $14,596,000. Symmetry Investments LP purchased a new position in shares of Warby Parker during the fourth quarter valued at $8,581,000. Raymond James Financial Inc. acquired a new position in Warby Parker during the fourth quarter valued at $8,272,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Warby Parker in the 4th quarter worth about $8,124,000. 93.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WRBY has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Telsey Advisory Group reduced their target price on shares of Warby Parker from $30.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Loop Capital restated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Citigroup reissued a "neutral" rating and set a $22.00 target price (up from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st. Finally, UBS Group reduced their price target on Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $22.88.

Warby Parker Trading Up 0.7%

NYSE:WRBY traded up $0.14 during mid-day trading on Thursday, hitting $20.22. 340,172 shares of the company's stock were exchanged, compared to its average volume of 2,428,239. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68. The firm has a market capitalization of $2.11 billion, a P/E ratio of -74.89 and a beta of 2.01. The company has a 50 day simple moving average of $17.01 and a 200-day simple moving average of $21.62.

Insider Activity at Warby Parker

In other news, Director Youngme E. Moon sold 33,073 shares of the business'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 transaction, the director now owns 53,869 shares in the company, valued at approximately $1,071,993.10. The trade was a 38.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This trade represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,724 shares of company stock worth $1,590,744 over the last three months. Company insiders own 26.55% of the company's stock.

About Warby Parker

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.