Warby Parker Inc. (NYSE:WRBY) Shares Sold by Woodline Partners LP

Woodline Partners LP lowered its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 37.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,731 shares of the company's stock after selling 85,914 shares during the quarter. Woodline Partners LP owned approximately 0.14% of Warby Parker worth $3,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in WRBY. American Century Companies Inc. grew its position in shares of Warby Parker by 64.7% during the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock worth $51,916,000 after buying an additional 842,558 shares in the last quarter. Durable Capital Partners LP grew its position in shares of Warby Parker by 10.3% during the fourth quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company's stock worth $218,322,000 after buying an additional 840,797 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Warby Parker during the fourth quarter worth approximately $14,596,000. Symmetry Investments LP acquired a new stake in shares of Warby Parker during the fourth quarter worth approximately $8,581,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Warby Parker during the fourth quarter worth approximately $8,272,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Insider Activity

In related news, Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total transaction of $658,152.70. Following the sale, the director now directly owns 53,869 shares in the company, valued at $1,071,993.10. The trade was a 38.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,724 shares of company stock valued at $1,590,744. Company insiders own 26.55% of the company's stock.

Warby Parker Stock Up 3.0%

WRBY stock traded up $0.63 during mid-day trading on Friday, reaching $21.39. The company had a trading volume of 797,485 shares, compared to its average volume of 1,906,371. The stock has a market capitalization of $2.24 billion, a P/E ratio of -79.11 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. The stock's 50-day simple moving average is $17.02 and its two-hundred day simple moving average is $21.62.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WRBY shares. Cowen reissued a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. TD Securities raised their price objective on Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Citigroup restated a "neutral" rating and set a $22.00 price objective (up from $17.00) on shares of Warby Parker in a research note on Wednesday, May 21st. Robert W. Baird raised their price objective on Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Finally, Roth Capital restated a "neutral" rating and set a $21.00 price objective (up from $18.00) on shares of Warby Parker in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.