Warby Parker Inc. (NYSE:WRBY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,997,624 shares of the company's stock after buying an additional 27,004 shares during the period. Geode Capital Management LLC owned approximately 1.97% of Warby Parker worth $48,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WRBY. Anthracite Investment Company Inc. purchased a new stake in shares of Warby Parker during the 4th quarter valued at about $1,210,000. LPL Financial LLC bought a new position in shares of Warby Parker during the 4th quarter valued at approximately $476,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Warby Parker in the fourth quarter worth $421,000. Sei Investments Co. purchased a new stake in Warby Parker in the 4th quarter worth $741,000. Finally, American Century Companies Inc. raised its stake in Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after purchasing an additional 842,558 shares during the period. Institutional investors own 93.24% of the company's stock.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the firm'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 transaction of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,651 shares of company stock worth $2,313,092 in the last 90 days. Insiders own 26.55% of the company's stock.

Warby Parker Trading Down 0.1 %

Shares of NYSE:WRBY traded down $0.01 on Friday, hitting $14.25. 3,250,076 shares of the company were exchanged, compared to its average volume of 1,735,906. The firm has a market capitalization of $1.48 billion, a P/E ratio of -52.78 and a beta of 2.00. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68. The stock's 50 day moving average price is $19.95 and its 200 day moving average price is $21.57.

Analyst Ratings Changes

Several analysts have commented on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $28.00 price target on shares of Warby Parker in a research note on Thursday, February 27th. Roth Capital upgraded shares of Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Roth Mkm started coverage on Warby Parker in a report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price target on the stock. Evercore ISI reissued an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. Finally, Stifel Nicolaus cut their price objective on Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.50.

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.