Bank of New York Mellon Corp Has $31.38 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

Bank of New York Mellon Corp lifted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,721,215 shares of the company's stock after buying an additional 88,874 shares during the period. Bank of New York Mellon Corp owned approximately 1.66% of Warby Parker worth $31,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after buying an additional 1,028 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Warby Parker by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,550 shares of the company's stock valued at $17,977,000 after buying an additional 13,501 shares in the last quarter. Atria Investments Inc bought a new position in shares of Warby Parker in the fourth quarter valued at $241,000. Proficio Capital Partners LLC bought a new position in shares of Warby Parker in the fourth quarter valued at $273,000. Finally, Raymond James Financial Inc. bought a new position in shares of Warby Parker in the fourth quarter valued at $8,272,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Stock Down 0.0%

Shares of NYSE:WRBY traded down $0.00 during midday trading on Wednesday, reaching $22.90. 1,671,338 shares of the company were exchanged, compared to its average volume of 1,998,008. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68. The stock has a fifty day simple moving average of $20.80 and a two-hundred day simple moving average of $21.24. The firm has a market cap of $2.39 billion, a PE ratio of -190.82 and a beta of 2.09.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several recent analyst reports. Piper Sandler reissued an "overweight" rating and set a $25.00 target price (up from $20.00) on shares of Warby Parker in a research note on Thursday, May 29th. Stifel Nicolaus upped their price target 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. Telsey Advisory Group dropped their price target on shares of Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group upped their price target on shares of Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.88.

Insider Buying and Selling

In other news, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the sale, the director directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.24% of the stock is owned by company insiders.

About Warby Parker

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.