Warby Parker Inc. (NYSE:WRBY) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 59.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078,350 shares of the company's stock after selling 1,567,190 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.04% of Warby Parker worth $19,658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WRBY. Durable Capital Partners LP lifted its holdings in Warby Parker by 10.3% in the 4th quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company's stock valued at $218,322,000 after purchasing an additional 840,797 shares in the last quarter. American Century Companies Inc. raised its position in shares of Warby Parker by 64.7% in the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after buying an additional 842,558 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Warby Parker by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock worth $48,478,000 after buying an additional 313,100 shares in the last quarter. Geode Capital Management LLC boosted its position in Warby Parker by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,997,624 shares of the company's stock worth $48,375,000 after acquiring an additional 27,004 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Warby Parker by 12.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,809,294 shares of the company's stock valued at $43,803,000 after acquiring an additional 199,235 shares in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on WRBY shares. Stifel Nicolaus raised their target price on shares of Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Robert W. Baird increased their price target on Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, February 28th. UBS Group lowered their price objective on Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Loop Capital reaffirmed a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. Finally, JMP Securities lowered their price target on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Warby Parker has an average rating of "Moderate Buy" and a consensus price target of $22.88.

Insider Buying and Selling

In related news, 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 transaction of $658,152.70. Following the transaction, the director now owns 53,869 shares of the company's stock, valued at approximately $1,071,993.10. This represents a 38.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.24% of the stock is currently owned by corporate insiders.

Warby Parker Stock Down 1.9%

Shares of WRBY traded down $0.42 during trading on Wednesday, reaching $21.41. 1,039,125 shares of the company traded hands, compared to its average volume of 1,955,182. The stock has a 50-day simple moving average of $18.16 and a 200-day simple moving average of $21.53. The stock has a market cap of $2.24 billion, a PE ratio of -178.42 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.

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.