Millennium Management LLC Lowers Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Millennium Management LLC lowered its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 67.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 374,368 shares of the company's stock after selling 761,760 shares during the period. Millennium Management LLC owned about 0.37% of Warby Parker worth $9,063,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WRBY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Warby Parker by 5.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,393 shares of the company's stock worth $1,220,000 after purchasing an additional 2,494 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Warby Parker in the 4th quarter valued at approximately $331,000. Deutsche Bank AG raised its stake in Warby Parker by 155.7% in the fourth quarter. Deutsche Bank AG now owns 441,536 shares of the company's stock valued at $10,690,000 after buying an additional 268,875 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of 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 worth $43,803,000 after acquiring an additional 199,235 shares in the last quarter. Finally, Dimension Capital Management LLC purchased a new stake in shares of Warby Parker during the 4th quarter worth approximately $231,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Price Performance

WRBY traded up $0.91 during trading on Friday, hitting $21.67. 597,520 shares of the stock traded hands, compared to its average volume of 1,905,769. Warby Parker Inc. has a twelve month low of $12.46 and a twelve month high of $28.68. The business has a 50 day moving average price of $17.02 and a 200 day moving average price of $21.62. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -80.17 and a beta of 2.01.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WRBY shares. Cowen reaffirmed a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Roth Capital reaffirmed a "neutral" rating and issued a $21.00 target price (up from $18.00) on shares of Warby Parker in a research report on Thursday, May 22nd. TD Securities increased their price objective on shares of Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Roth Mkm initiated coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Finally, UBS Group decreased their price target on shares of Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.88.

Insider Buying and Selling at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. The trade was a 53.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the firm's 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 sale, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,724 shares of company stock worth $1,590,744. Corporate insiders own 26.55% 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.