SG Americas Securities LLC acquired a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 33,023 shares of the company's stock, valued at approximately $602,000.
Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Warby Parker by 2.2% in the fourth quarter. Rhumbline Advisers now owns 123,915 shares of the company's stock valued at $3,000,000 after purchasing an additional 2,634 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Warby Parker in the 4th quarter valued at $25,000. Handelsbanken Fonder AB increased its holdings in Warby Parker by 33.9% in the 4th quarter. Handelsbanken Fonder AB now owns 33,573 shares of the company's stock valued at $813,000 after buying an additional 8,500 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Warby Parker by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock valued at $39,519,000 after buying an additional 268,025 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Warby Parker during the 4th quarter worth about $273,000. Institutional investors own 93.24% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Piper Sandler reaffirmed an "overweight" rating and set a $25.00 price objective (up from $20.00) on shares of Warby Parker in a report on Thursday, May 29th. Telsey Advisory Group dropped their target price on Warby Parker from $30.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Citigroup reaffirmed a "neutral" rating and issued a $22.00 price target (up previously from $17.00) on shares of Warby Parker in a research note on Wednesday, May 21st. Finally, Loop Capital reiterated a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.88.
Check Out Our Latest Stock Report on WRBY
Insider Activity at Warby Parker
In other news, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total transaction of $658,152.70. Following the transaction, the director now owns 53,869 shares of the company's stock, valued at $1,071,993.10. This represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 18.24% of the stock is currently owned by company insiders.
Warby Parker Stock Performance
Shares of NYSE WRBY traded up $0.13 during trading on Wednesday, reaching $21.77. The company had a trading volume of 1,707,587 shares, compared to its average volume of 1,968,488. Warby Parker Inc. has a 52 week low of $12.46 and a 52 week high of $28.68. The business's 50 day moving average price is $18.80 and its 200-day moving average price is $21.47. The stock has a market cap of $2.27 billion, a PE ratio of -181.42 and a beta of 2.10.
About Warby Parker
(
Free Report)
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.
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