Warby Parker Inc. $WRBY Shares Sold by Northwest & Ethical Investments L.P.

Key Points

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Northwest & Ethical Investments L.P. decreased its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 62.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,360 shares of the company's stock after selling 98,863 shares during the period. Northwest & Ethical Investments L.P. owned about 0.06% of Warby Parker worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Durable Capital Partners LP grew its position in shares of Warby Parker by 10.3% in the fourth quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company's stock valued at $218,322,000 after purchasing an additional 840,797 shares during the period. American Century Companies Inc. grew its position in shares of Warby Parker by 14.6% in the first quarter. American Century Companies Inc. now owns 2,456,965 shares of the company's stock valued at $44,790,000 after purchasing an additional 312,543 shares during the period. Jennison Associates LLC grew its position in shares of Warby Parker by 23.7% in the first quarter. Jennison Associates LLC now owns 2,174,158 shares of the company's stock valued at $39,635,000 after purchasing an additional 416,797 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Warby Parker by 12.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,809,294 shares of the company's stock valued at $43,803,000 after purchasing an additional 199,235 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Warby Parker by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 1,721,215 shares of the company's stock valued at $31,378,000 after purchasing an additional 88,874 shares during the period. Institutional investors and hedge funds own 93.24% of the company's stock.

Warby Parker Price Performance

WRBY traded up $0.9480 on Friday, reaching $27.0180. 1,098,401 shares of the company's stock were exchanged, compared to its average volume of 1,886,181. The stock has a market cap of $2.84 billion, a PE ratio of -385.92 and a beta of 2.09. Warby Parker Inc. has a twelve month low of $12.69 and a twelve month high of $29.73. The stock's fifty day moving average price is $23.53 and its 200-day moving average price is $20.97.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Warby Parker from $21.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $28.00 target price on shares of Warby Parker in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Warby Parker from a "hold" rating to a "buy" rating in a research report on Friday. TD Securities lifted their target price on shares of Warby Parker from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Citizens Jmp lowered shares of Warby Parker from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Warby Parker currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.06.

Insider Transactions at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $25.11, for a total transaction of $1,255,500.00. Following the transaction, the chief executive officer directly owned 28,347 shares in the company, valued at approximately $711,793.17. The trade was a 63.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 6,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $23.56, for a total transaction of $141,360.00. Following the transaction, the director owned 44,879 shares in the company, valued at $1,057,349.24. The trade was a 11.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock worth $2,607,280 over the last 90 days. 18.24% of the stock is currently owned by company insiders.

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.