Gilder Gagnon Howe & Co. LLC Decreases Position in Warby Parker Inc. (NYSE:WRBY)

Gilder Gagnon Howe & Co. LLC lowered its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,681,717 shares of the company's stock after selling 591,707 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 1.65% of Warby Parker worth $40,714,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its position in Warby Parker by 3.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company's stock valued at $64,047,000 after buying an additional 89,835 shares during the last quarter. American Century Companies Inc. boosted its position in Warby Parker by 64.7% in the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock worth $51,916,000 after purchasing an additional 842,558 shares in the last quarter. Renaissance Technologies LLC boosted its position in Warby Parker by 18.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock worth $48,478,000 after purchasing an additional 313,100 shares in the last quarter. Geode Capital Management LLC boosted its position in Warby Parker by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,997,624 shares of the company's stock worth $48,375,000 after purchasing an additional 27,004 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Warby Parker by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock worth $39,519,000 after purchasing an additional 268,025 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company's stock.

Warby Parker Stock Up 4.5 %

NYSE:WRBY traded up $0.71 on Wednesday, hitting $16.51. The stock had a trading volume of 2,378,502 shares, compared to its average volume of 1,765,495. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -61.15 and a beta of 2.00. The company has a fifty day moving average price of $18.47 and a two-hundred day moving average price of $21.54. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 11,684 shares of the 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 completion of the transaction, the chief financial officer now owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the transaction, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,651 shares of company stock worth $2,313,092. 26.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Roth Mkm assumed coverage on Warby Parker in a research report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective on the stock. Loop Capital upgraded Warby Parker from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Thursday, April 17th. Roth Capital raised Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. The Goldman Sachs Group reduced their target price on Warby Parker from $29.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley upped their target price on Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

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.