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

Two Sigma Advisers LP boosted its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 512.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,400 shares of the company's stock after purchasing an additional 104,100 shares during the period. Two Sigma Advisers LP owned 0.12% of Warby Parker worth $3,012,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Two Sigma Investments LP grew its position in shares of Warby Parker by 72.5% in the 4th quarter. Two Sigma Investments LP now owns 242,582 shares of the company's stock valued at $5,873,000 after buying an additional 101,986 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in Warby Parker by 107.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 22,400 shares of the company's stock worth $542,000 after purchasing an additional 11,600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Warby Parker by 5.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,393 shares of the company's stock worth $1,220,000 after acquiring an additional 2,494 shares in the last quarter. Gotham Asset Management LLC acquired a new position in Warby Parker during the 4th quarter worth approximately $331,000. Finally, Deutsche Bank AG grew its stake in Warby Parker by 155.7% in the fourth quarter. Deutsche Bank AG now owns 441,536 shares of the company's stock valued at $10,690,000 after acquiring an additional 268,875 shares during the period. 93.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at $4,815,179.04. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the sale, the director now directly owns 53,869 shares in the company, valued at $1,071,993.10. This trade represents a 38.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,724 shares of company stock worth $1,590,744. Insiders own 26.55% of the company's stock.

Wall Street Analyst Weigh In

WRBY has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Loop Capital restated a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Roth Capital reiterated a "neutral" rating and set a $21.00 price objective (up from $18.00) on shares of Warby Parker in a report on Thursday, May 22nd. Finally, Telsey Advisory Group decreased their target price on shares of Warby Parker from $30.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.88.

Warby Parker Price Performance

Shares of NYSE WRBY traded up $0.44 during midday trading on Friday, reaching $21.20. The company's stock had a trading volume of 2,961,828 shares, compared to its average volume of 1,919,410. The firm has a 50 day moving average price of $17.04 and a 200-day moving average price of $21.62. Warby Parker Inc. has a 12-month low of $12.46 and a 12-month high of $28.68. The stock has a market capitalization of $2.22 billion, a P/E ratio of -78.52 and a beta of 2.01.

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.