Warby Parker Inc. (NYSE:WRBY) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 75,187.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,994 shares of the company's stock after buying an additional 63,909 shares during the quarter. Bessemer Group Inc. owned about 0.06% of Warby Parker worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WRBY. Global Retirement Partners LLC acquired a new position in Warby Parker during the fourth quarter valued at approximately $25,000. NewEdge Advisors LLC raised its stake 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 valued at $29,000 after acquiring an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its stake 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 valued at $37,000 after acquiring an additional 1,028 shares during the period. Comerica Bank lifted its holdings in shares of Warby Parker by 153.1% during the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock valued at $55,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Anderson Financial Strategies LLC purchased a new stake in Warby Parker during the 4th quarter worth $69,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Trading Up 1.3%

NYSE WRBY traded up $0.29 during trading hours on Thursday, reaching $22.25. 564,025 shares of the company traded hands, compared to its average volume of 1,971,039. The stock has a market capitalization of $2.33 billion, a PE ratio of -185.42 and a beta of 2.09. Warby Parker Inc. has a 12 month low of $12.46 and a 12 month high of $28.68. The company has a 50 day moving average of $19.69 and a two-hundred day moving average of $21.41.

Insider Activity

In related 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 value of $658,152.70. Following the completion of the transaction, the director directly owned 53,869 shares in the company, valued at approximately $1,071,993.10. This trade represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on WRBY shares. JMP Securities cut their price objective on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus increased their target price on Warby Parker from $18.00 to $21.00 and gave the company a "hold" rating in a research note on Wednesday, May 21st. Telsey Advisory Group reduced their price target on Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Citigroup restated a "neutral" rating and issued a $22.00 price target (up previously from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Finally, Cowen reiterated a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.88.

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.