Two Sigma Investments LP Acquires 101,986 Shares of Warby Parker Inc. (NYSE:WRBY)

Two Sigma Investments LP lifted its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 72.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,582 shares of the company's stock after purchasing an additional 101,986 shares during the quarter. Two Sigma Investments LP owned 0.24% of Warby Parker worth $5,873,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its stake 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 in the last quarter. Shaker Investments LLC OH bought a new stake in Warby Parker during the 4th quarter valued at $279,000. Raymond James Financial Inc. purchased a new position in Warby Parker during the 4th quarter worth $8,272,000. Jones Financial Companies Lllp boosted its holdings in shares of Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after buying an additional 1,028 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Warby Parker by 69.0% in the 4th quarter. Invesco Ltd. now owns 152,934 shares of the company's stock worth $3,703,000 after buying an additional 62,462 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Warby Parker

In related news, Director Youngme E. Moon sold 33,073 shares of the company's 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 sale, the director now owns 53,869 shares in the company, valued at approximately $1,071,993.10. This represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $4,815,179.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,724 shares of company stock valued at $1,590,744 in the last three months. Corporate insiders own 26.55% of the company's stock.

Analyst Ratings Changes

WRBY has been the topic of several research analyst reports. UBS Group decreased their price objective on shares of Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. TD Securities increased their price objective on Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Citigroup restated a "neutral" rating and set a $22.00 price target (up from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Robert W. Baird boosted their price target on Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group cut their price objective on Warby Parker from $30.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.88.

Warby Parker Price Performance

NYSE:WRBY traded up $0.44 during trading hours on Friday, reaching $21.20. The company's stock had a trading volume of 2,961,828 shares, compared to its average volume of 1,919,410. The business's 50-day moving average is $17.04 and its 200-day moving average is $21.62. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -78.52 and a beta of 2.01. Warby Parker Inc. has a one year low of $12.46 and a one year 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.