Tudor Investment Corp ET AL Sells 231,265 Shares of Warby Parker Inc. $WRBY

Key Points

• Tudor Investment Corp ET AL trimmed its Warby Parker position by 48.6%, selling 231,265 shares and finishing the quarter with 244,650 shares worth about $6.75 million (≈0.23% of the company).
• Director Bradley E. Singer sold 15,793 shares on March 4 at an average $27.53, cutting his stake by 49.63% to 16,026 shares; insiders now own 18.24% of the stock.
• Analysts maintain a consensus of "Moderate Buy" with an average price target of $28.00, versus a recent open of $21.12 and a 52‑week range of $13.63–$31.00 (market cap ≈ $2.25B).

Tudor Investment Corp ET AL trimmed its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 48.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,650 shares of the company's stock after selling 231,265 shares during the period. Tudor Investment Corp ET AL owned 0.23% of Warby Parker worth $6,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Warby Parker by 259.3% during the third quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company's stock valued at $33,000 after acquiring an additional 861 shares in the last quarter. NewEdge Advisors LLC grew its stake in Warby Parker by 56.7% during the third quarter. NewEdge Advisors LLC now owns 2,350 shares of the company's stock valued at $65,000 after acquiring an additional 850 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Warby Parker during the third quarter valued at $112,000. State of Wyoming purchased a new position in Warby Parker during the third quarter valued at $135,000. Finally, State of Alaska Department of Revenue purchased a new position in Warby Parker during the third quarter valued at $156,000. 93.24% of the stock is currently owned by institutional investors.

Insider Activity at Warby Parker

In other Warby Parker news, Director Bradley E. Singer sold 15,793 shares of Warby Parker stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $27.53, for a total value of $434,781.29. Following the completion of the transaction, the director directly owned 16,026 shares of the company's stock, valued at $441,195.78. This trade represents a 49.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 18.24% of the stock is owned by insiders.

Warby Parker Stock Up 0.3%

Shares of NYSE:WRBY opened at $21.12 on Wednesday. Warby Parker Inc. has a 52 week low of $13.63 and a 52 week high of $31.00. The stock has a market capitalization of $2.25 billion, a P/E ratio of 1,056.53 and a beta of 2.07. The firm has a fifty day simple moving average of $23.64 and a two-hundred day simple moving average of $23.41.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WRBY shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 target price on shares of Warby Parker in a research note on Friday, February 20th. Piper Sandler raised their target price on shares of Warby Parker from $22.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday, December 16th. Citigroup raised their target price on shares of Warby Parker from $18.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. UBS Group reaffirmed a "neutral" rating and set a $20.00 target price on shares of Warby Parker in a research note on Wednesday, February 25th. Finally, Stifel Nicolaus raised their target price on shares of Warby Parker from $19.00 to $25.00 and gave the company a "hold" rating in a research note on Friday, December 12th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Warby Parker Profile

Warby Parker, Inc NYSE: WRBY is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.

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