Two Sigma Advisers LP Grows Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Two Sigma Advisers LP grew its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 512.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,400 shares of the company's stock after buying an additional 104,100 shares during the period. Two Sigma Advisers LP owned approximately 0.12% of Warby Parker worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after purchasing an additional 1,339 shares in the last quarter. Choreo LLC lifted its holdings in shares of Warby Parker by 60.6% during the 4th quarter. Choreo LLC now owns 17,155 shares of the company's stock valued at $415,000 after purchasing an additional 6,472 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Warby Parker by 3.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company's stock valued at $64,047,000 after purchasing an additional 89,835 shares in the last quarter. Shaker Investments LLC OH bought a new position in shares of Warby Parker during the 4th quarter valued at about $279,000. Finally, Legato Capital Management LLC bought a new position in shares of Warby Parker during the 4th quarter valued at about $1,316,000. Institutional investors own 93.24% of the company's stock.

Warby Parker Trading Up 3.4%

NYSE WRBY traded up $0.68 during trading hours on Thursday, hitting $20.76. 2,083,950 shares of the company's stock were exchanged, compared to its average volume of 1,910,609. The stock has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $21.62. Warby Parker Inc. has a 1-year low of $12.46 and a 1-year high of $28.68. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -76.89 and a beta of 2.01.

Insiders Place Their Bets

In related news, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the transaction, the director now directly owns 53,869 shares in the company, valued at approximately $1,071,993.10. The trade was a 38.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the firm'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 $274,807.68. Following the completion of the sale, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at $4,815,179.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,724 shares of company stock valued at $1,590,744 over the last ninety days. 26.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WRBY has been the topic of several recent analyst reports. Loop Capital reiterated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Stifel Nicolaus lifted their target price on Warby Parker from $18.00 to $21.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. TD Securities lifted their target price on Warby Parker from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Telsey Advisory Group dropped their target price 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. Finally, Roth Capital reaffirmed a "neutral" rating and set a $21.00 price target (up previously from $18.00) on shares of Warby Parker in a research report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.88.

Warby Parker 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.