Universal Beteiligungs und Servicegesellschaft mbH Sells 72,732 Shares of Warby Parker Inc. $WRBY

Key Points

• Universal Beteiligungs cut its stake in Warby Parker by 43.5% in Q4, selling 72,732 shares and now holds 94,396 shares (about 0.09% of the company) valued at roughly $2.06 million.
• Insider selling was notable: CEO Neil Blumenthal sold 75,213 shares on April 17 under a Rule 10b5-1 plan, and insiders sold 115,793 shares (~$2.9 million) in the past three months, with insiders currently owning 18.24% of the stock.
• WRBY trades around $23 with a market cap of $2.48 billion, and analysts have a consensus of “Moderate Buy” with an average price target of $28.09.

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,396 shares of the company's stock after selling 72,732 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Warby Parker worth $2,057,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Horizon Corp boosted its position in shares of Warby Parker by 96.7% during the fourth quarter. First Horizon Corp now owns 1,210 shares of the company's stock valued at $26,000 after buying an additional 595 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Warby Parker by 259.3% during the third quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company's stock valued at $33,000 after buying an additional 861 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Warby Parker during the fourth quarter valued at approximately $35,000. NewEdge Advisors LLC boosted its position in shares of Warby Parker by 56.7% during the third quarter. NewEdge Advisors LLC now owns 2,350 shares of the company's stock valued at $65,000 after buying an additional 850 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Warby Parker during the third quarter valued at approximately $112,000. Hedge funds and other institutional investors own 93.24% of the company's stock.

Warby Parker Trading Up 4.6%

WRBY stock opened at $23.13 on Friday. The stock's fifty day simple moving average is $23.25 and its two-hundred day simple moving average is $23.03. Warby Parker Inc. has a 1-year low of $14.96 and a 1-year high of $31.00. The stock has a market cap of $2.48 billion, a P/E ratio of 1,157.18 and a beta of 1.96.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 75,213 shares of the business's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $24.56, for a total value of $1,847,231.28. Following the transaction, the chief executive officer owned 50,165 shares of the company's stock, valued at approximately $1,232,052.40. The trade was a 59.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 15,793 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $27.53, for a total value of $434,781.29. Following the completion of the transaction, the director directly owned 16,026 shares in the company, valued at approximately $441,195.78. This represents a 49.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 115,793 shares of company stock worth $2,901,550. Insiders own 18.24% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WRBY. UBS Group reaffirmed a "neutral" rating and set a $20.00 target price on shares of Warby Parker in a research report on Wednesday, February 25th. Weiss Ratings cut Warby Parker from a "hold (c-)" rating to a "sell (d)" rating in a research report on Monday, March 2nd. Citigroup lifted their target price on Warby Parker from $18.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, March 17th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 target price on shares of Warby Parker in a research report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.09.

Warby Parker Profile

Warby Parker, Inc NYSE: WRBY is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.

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