Warby Parker Inc. (NYSE:WRBY) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,625 shares of the company's stock after buying an additional 22,853 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Warby Parker worth $5,293,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Two Sigma Advisers LP increased its holdings in shares of Warby Parker by 512.8% in the fourth quarter. Two Sigma Advisers LP now owns 124,400 shares of the company's stock valued at $3,012,000 after purchasing an additional 104,100 shares during the last quarter. Two Sigma Investments LP grew its holdings in 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 in the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of Warby Parker by 107.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 22,400 shares of the company's stock worth $542,000 after acquiring an additional 11,600 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Warby Parker by 5.2% during the 4th 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 during the period. Finally, Gotham Asset Management LLC acquired a new position in shares of Warby Parker during the 4th quarter valued at about $331,000. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Warby Parker Stock Performance

Warby Parker stock traded up $0.80 during midday trading on Thursday, hitting $21.18. 847,131 shares of the company's stock were exchanged, compared to its average volume of 1,921,920. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -78.56 and a beta of 2.10. Warby Parker Inc. has a 12-month low of $12.46 and a 12-month high of $28.68. The firm's 50 day simple moving average is $17.15 and its 200 day simple moving average is $21.61.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WRBY. JMP Securities cut their price objective on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lifted their price target on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Roth Mkm initiated coverage on shares of Warby Parker in a report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 target price for the company. Citigroup restated a "neutral" rating and set a $22.00 price target (up from $17.00) on shares of Warby Parker in a research note on Wednesday, May 21st. Finally, 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 research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.88.

Insiders Place Their Bets

In related news, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total transaction of $658,152.70. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 18.24% of the stock is owned by insiders.

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.