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 stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 11.7% during the fourth quarter, according to 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 quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Warby Parker worth $5,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Durable Capital Partners LP raised its holdings in shares of Warby Parker by 10.3% during the fourth quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company's stock valued at $218,322,000 after acquiring an additional 840,797 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Warby Parker by 3.5% in 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 during the last quarter. American Century Companies Inc. raised its stake in Warby Parker by 64.7% in the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after purchasing an additional 842,558 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Warby Parker by 18.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock valued at $48,478,000 after purchasing an additional 313,100 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Warby Parker by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,997,624 shares of the company's stock worth $48,375,000 after purchasing an additional 27,004 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Stock Performance

Shares of Warby Parker stock traded up $0.41 during trading hours on Friday, hitting $21.61. The company's stock had a trading volume of 1,632,874 shares, compared to its average volume of 1,931,673. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -80.03 and a beta of 2.10. Warby Parker Inc. has a twelve month low of $12.46 and a twelve month high of $28.68. The firm has a fifty day moving average of $17.27 and a 200-day moving average of $21.59.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of Warby Parker 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WRBY. Stifel Nicolaus increased their target price on shares of Warby Parker from $18.00 to $21.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Piper Sandler reaffirmed an "overweight" rating and set a $25.00 price objective (up previously from $20.00) on shares of Warby Parker in a research note on Thursday, May 29th. Roth Mkm initiated coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 target price on the stock. Citigroup restated a "neutral" rating and set a $22.00 target price (up from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Finally, TD Securities increased their price target on Warby Parker from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Warby Parker presently 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.