Vanguard Group Inc. Has $103.31 Million Stock Position in Warby Parker Inc. (NYSE:WRBY)

Vanguard Group Inc. lifted its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,850,634 shares of the company's stock after buying an additional 219,160 shares during the quarter. Vanguard Group Inc. owned approximately 8.02% of Warby Parker worth $103,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Middle East FZE acquired a new position in Warby Parker during the fourth quarter valued at approximately $37,000. Quarry LP lifted its position in Warby Parker by 1,434.1% during the first quarter. Quarry LP now owns 3,421 shares of the company's stock valued at $36,000 after buying an additional 3,198 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Warby Parker by 137,633.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company's stock valued at $54,000 after buying an additional 4,129 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in Warby Parker during the first quarter valued at approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Warby Parker during the second quarter valued at approximately $88,000. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Warby Parker Stock Down 1.4 %

WRBY stock traded down $0.18 during trading on Friday, hitting $13.03. 1,201,267 shares of the company's stock traded hands, compared to its average volume of 1,231,198. Warby Parker Inc. has a 52 week low of $9.83 and a 52 week high of $16.49. The stock has a fifty day moving average price of $13.16 and a two-hundred day moving average price of $12.87. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -24.13 and a beta of 1.63.

Warby Parker (NYSE:WRBY - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $161.86 million for the quarter, compared to the consensus estimate of $161.01 million. Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. As a group, equities research analysts expect that Warby Parker Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Warby Parker from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Telsey Advisory Group reissued an "outperform" rating and set a $19.00 target price on shares of Warby Parker in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.29.

Insider Buying and Selling

In related news, CEO David Abraham Gilboa sold 52,065 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.20, for a total value of $635,193.00. Following the completion of the sale, the chief executive officer now owns 12,306 shares of the company's stock, valued at $150,133.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Warby Parker news, CFO Steven Clive Miller sold 8,708 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the sale, the chief financial officer now directly owns 191,104 shares of the company's stock, valued at approximately $2,270,315.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Abraham Gilboa sold 52,065 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.20, for a total transaction of $635,193.00. Following the completion of the sale, the chief executive officer now directly owns 12,306 shares of the company's stock, valued at $150,133.20. The disclosure for this sale can be found here. Insiders sold 89,084 shares of company stock valued at $1,074,979 over the last 90 days. 26.91% of the stock is currently owned by company insiders.

About Warby Parker

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.