Warby Parker Inc. (NYSE:WRBY) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 69.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,934 shares of the company's stock after purchasing an additional 62,462 shares during the quarter. Invesco Ltd. owned approximately 0.15% of Warby Parker worth $3,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WRBY. Global Retirement Partners LLC bought a new position in Warby Parker in the 4th quarter worth $25,000. Jones Financial Companies Lllp increased its stake in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after acquiring an additional 1,028 shares during the period. KBC Group NV raised its stake in shares of Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after purchasing an additional 1,339 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Warby Parker during the 4th quarter worth about $201,000. Finally, BBR Partners LLC bought a new stake in shares of Warby Parker in the 4th quarter valued at approximately $239,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction 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 transaction, the chief financial officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction 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 sale, the chief executive officer now owns 23,961 shares in the company, valued at approximately $563,562.72. This represents a 53.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 26.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on Warby Parker from $29.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley upped their price objective on Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler decreased their target price on shares of Warby Parker from $30.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Roth Capital raised Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Finally, JMP Securities reduced their price target on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Warby Parker currently has an average rating of "Moderate Buy" and a consensus target price of $22.64.

Warby Parker Stock Performance

WRBY traded up $0.03 during trading on Thursday, reaching $16.54. The stock had a trading volume of 737,247 shares, compared to its average volume of 1,762,895. The business has a 50-day moving average of $18.32 and a 200-day moving average of $21.50. The stock has a market cap of $1.71 billion, a PE ratio of -61.33 and a beta of 2.00. Warby Parker Inc. has a one year low of $11.66 and a one year high of $28.68.

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.