Victory Capital Management Inc. Has $14.04 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Victory Capital Management Inc. boosted its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 6,931.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 770,054 shares of the company's stock after purchasing an additional 759,103 shares during the quarter. Victory Capital Management Inc. owned about 0.74% of Warby Parker worth $14,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WRBY. New York State Teachers Retirement System purchased a new stake in shares of Warby Parker during the 1st quarter valued at $27,000. NewEdge Advisors LLC grew its position in Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after acquiring an additional 1,050 shares during the last quarter. Comerica Bank increased its stake in shares of Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after buying an additional 1,386 shares during the period. Anderson Financial Strategies LLC bought a new stake in Warby Parker during the 4th quarter valued at approximately $69,000. Finally, CWM LLC grew its holdings in Warby Parker by 231.9% in the first quarter. CWM LLC now owns 5,855 shares of the company's stock worth $107,000 after purchasing an additional 4,091 shares during the period. 93.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on WRBY shares. JMP Securities reissued a "market perform" rating on shares of Warby Parker in a report on Thursday, July 10th. The Goldman Sachs Group boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 9th. UBS Group decreased their price target 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. Cowen reissued a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group lowered their target price on Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.88.

Warby Parker Stock Down 0.5%

WRBY stock traded down $0.12 during midday trading on Thursday, reaching $24.35. The company had a trading volume of 1,157,564 shares, compared to its average volume of 1,661,222. The stock has a 50 day moving average price of $21.60 and a 200 day moving average price of $21.22. The firm has a market capitalization of $2.54 billion, a PE ratio of -202.88 and a beta of 2.09. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68.

Insider Buying and Selling at Warby Parker

In related news, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total transaction of $658,152.70. Following the completion of the sale, the director owned 53,869 shares in the company, valued at $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 is available through this link. Also, CEO Neil Harris Blumenthal sold 49,600 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.21, for a total value of $1,200,816.00. Following the completion of the transaction, the chief executive officer directly owned 28,347 shares in the company, valued at approximately $686,280.87. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,073 shares of company stock worth $1,868,573. Company insiders own 18.24% of the company's stock.

Warby Parker Company 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.