Universal Beteiligungs und Servicegesellschaft mbH Takes $2.03 Million Position in Warby Parker Inc. (NYSE:WRBY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 111,288 shares of the company's stock, valued at approximately $2,029,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Warby Parker at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mariner LLC boosted its position in Warby Parker by 6.5% in the fourth quarter. Mariner LLC now owns 10,772 shares of the company's stock worth $261,000 after purchasing an additional 660 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Warby Parker by 10.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company's stock worth $224,000 after purchasing an additional 840 shares during the last quarter. NewEdge Advisors LLC boosted its position in Warby Parker by 700.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after purchasing an additional 1,050 shares during the last quarter. Comerica Bank boosted its position in Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after purchasing an additional 1,386 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Warby Parker in the first quarter worth about $27,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WRBY. Citigroup restated a "neutral" rating and issued a $22.00 price objective (up from $17.00) on shares of Warby Parker in a research note on Wednesday, May 21st. Stifel Nicolaus raised their price objective on Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. TD Securities boosted their price objective on Warby Parker from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Loop Capital reissued a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Finally, Cowen restated a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.13.

Warby Parker Stock Performance

NYSE:WRBY traded down $0.34 during trading hours on Friday, reaching $23.61. The stock had a trading volume of 1,516,553 shares, compared to its average volume of 1,568,949. Warby Parker Inc. has a 52 week low of $12.46 and a 52 week high of $28.68. The company has a 50 day moving average price of $22.21 and a two-hundred day moving average price of $21.14.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 49,600 shares of Warby Parker stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $24.21, for a total value of $1,200,816.00. Following the sale, the chief executive officer owned 28,347 shares of the company's stock, valued at $686,280.87. The trade was a 63.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the sale, the director directly owned 53,869 shares in the company, valued at approximately $1,071,993.10. The trade was a 38.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,073 shares of company stock worth $1,868,573. Corporate insiders own 18.24% of the company's stock.

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.