Man Group plc Sells 18,862 Shares of Warby Parker Inc. (NYSE:WRBY)

Man Group plc trimmed its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 43.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,733 shares of the company's stock after selling 18,862 shares during the period. Man Group plc's holdings in Warby Parker were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WRBY. Global Retirement Partners LLC bought a new position in shares of Warby Parker in the 4th 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 in the last quarter. 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 in the last quarter. Comerica Bank raised its stake in shares of Warby Parker by 153.1% in 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 position in shares of Warby Parker in the 4th quarter valued at approximately $69,000. 93.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WRBY has been the topic of several recent analyst reports. Cowen reaffirmed a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. The Goldman Sachs Group lifted their price target on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. UBS Group dropped their price target on Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Loop Capital reaffirmed a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group dropped 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. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.88.

Insider Activity at Warby Parker

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was 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 of the company's stock, valued at approximately $1,071,993.10. The trade was a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. This represents a 53.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,724 shares of company stock valued at $1,590,744 in the last 90 days. 26.55% of the stock is owned by corporate insiders.

Warby Parker Trading Up 2.6%

WRBY stock traded up $0.52 during trading on Thursday, hitting $20.60. The company had a trading volume of 1,050,066 shares, compared to its average volume of 1,903,165. The company has a fifty day moving average price of $17.01 and a two-hundred day moving average price of $21.62. The company has a market cap of $2.15 billion, a P/E ratio of -76.31 and a beta of 2.01. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68.

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.