NBC Securities Inc. Buys 11,574 Shares of Warby Parker Inc. (NYSE:WRBY)

NBC Securities Inc. grew its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 44,515.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the company's stock after buying an additional 11,574 shares during the period. NBC Securities Inc.'s holdings in Warby Parker were worth $211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its stake in Warby Parker by 2.6% in the 4th quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock valued at $602,000 after buying an additional 619 shares during the last quarter. Mariner LLC boosted its holdings in Warby Parker by 6.5% during the fourth quarter. Mariner LLC now owns 10,772 shares of the company's stock valued at $261,000 after acquiring an additional 660 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Warby Parker by 10.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company's stock valued at $224,000 after acquiring an additional 840 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Warby Parker in the fourth quarter valued at about $25,000. Finally, Jones Financial Companies Lllp grew its position in shares of Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after purchasing an additional 1,028 shares during the last quarter. Institutional investors and hedge funds own 93.24% of the company's stock.

Warby Parker Trading Down 0.9%

WRBY stock traded down $0.21 during trading on Thursday, hitting $22.39. The company had a trading volume of 1,738,783 shares, compared to its average volume of 1,940,172. The company has a fifty day moving average price of $17.61 and a two-hundred day moving average price of $21.57. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68. The company has a market cap of $2.34 billion, a P/E ratio of -82.93 and a beta of 2.10.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird increased their target price on Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. UBS Group cut their price target on Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Citigroup reissued a "neutral" rating and issued a $22.00 price objective (up from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st. Roth Mkm started coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research note 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.88.

Insider Transactions 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 stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the transaction, the director now directly owns 53,869 shares of the company's stock, valued at $1,071,993.10. The trade was a 38.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.24% of the stock is owned by insiders.

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.