Bessemer Group Inc. Has $1.17 Million Stock Position in Warby Parker Inc. (NYSE:WRBY)

Bessemer Group Inc. boosted its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 75,187.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,994 shares of the company's stock after buying an additional 63,909 shares during the period. Bessemer Group Inc. owned approximately 0.06% of Warby Parker worth $1,167,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WRBY. Global Retirement Partners LLC bought a new stake in Warby Parker in the 4th quarter valued at $25,000. NewEdge Advisors LLC lifted its holdings in shares of Warby Parker by 700.0% during 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 period. Jones Financial Companies Lllp boosted its position in shares of Warby Parker by 205.6% during 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 in the last quarter. Comerica Bank boosted its position 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 bought a new stake in Warby Parker in the fourth quarter valued at about $69,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Price Performance

Shares of WRBY opened at $21.89 on Monday. The firm has a 50 day simple moving average of $19.25 and a two-hundred day simple moving average of $21.42. Warby Parker Inc. has a one year low of $12.46 and a one year high of $28.68. The company has a market cap of $2.29 billion, a P/E ratio of -182.43 and a beta of 2.10.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WRBY shares. UBS Group cut their price objective on Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. TD Securities increased their target price on shares of Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Piper Sandler reissued an "overweight" rating and set a $25.00 price target (up from $20.00) on shares of Warby Parker in a report on Thursday, May 29th. Roth Capital reaffirmed a "neutral" rating and set a $21.00 price objective (up from $18.00) on shares of Warby Parker in a research note on Thursday, May 22nd. Finally, Citigroup reaffirmed a "neutral" rating and set a $22.00 price objective (up previously from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Warby Parker presently has an average rating of "Moderate Buy" and an average price target of $22.88.

Insider Transactions at Warby Parker

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the company'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 in the company, valued at approximately $1,071,993.10. This 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. Company insiders own 18.24% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.