Two Sigma Investments LP Grows Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Two Sigma Investments LP raised its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 72.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,582 shares of the company's stock after acquiring an additional 101,986 shares during the quarter. Two Sigma Investments LP owned approximately 0.24% of Warby Parker worth $5,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of Warby Parker by 7.5% in the 4th quarter. Northern Trust Corp now owns 811,038 shares of the company's stock valued at $19,635,000 after purchasing an additional 56,674 shares during the period. Shaker Investments LLC OH acquired a new position in shares of Warby Parker during the 4th quarter worth approximately $279,000. Raymond James Financial Inc. acquired a new position in shares of Warby Parker during the 4th quarter worth approximately $8,272,000. Jones Financial Companies Lllp lifted its holdings in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after acquiring an additional 1,028 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Warby Parker by 69.0% during the 4th quarter. Invesco Ltd. now owns 152,934 shares of the company's stock worth $3,703,000 after acquiring an additional 62,462 shares during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the transaction, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the sale, the chief executive officer now owns 23,961 shares of the company's stock, valued at $563,562.72. This represents a 53.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,724 shares of company stock worth $1,590,744 in the last three months. 26.55% of the stock is owned by corporate insiders.

Warby Parker Stock Up 3.4%

Shares of WRBY traded up $0.68 during trading hours on Thursday, reaching $20.76. 2,083,950 shares of the company traded hands, compared to its average volume of 1,907,073. The company's fifty day moving average price is $17.01 and its two-hundred day moving average price is $21.62. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -76.89 and a beta of 2.01. Warby Parker Inc. has a 12 month low of $12.46 and a 12 month high of $28.68.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WRBY. Piper Sandler reaffirmed an "overweight" rating and set a $25.00 price target (up previously from $20.00) on shares of Warby Parker in a report on Thursday. Roth Mkm began coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective for the company. Loop Capital reissued a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. JMP Securities dropped their price objective on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Finally, Citigroup reissued a "neutral" rating and issued a $22.00 price objective (up previously from $17.00) on shares of Warby Parker in a research note 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.