Raymond James Financial Inc. Buys New Shares in Warby Parker Inc. (NYSE:WRBY)

Raymond James Financial Inc. acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 341,694 shares of the company's stock, valued at approximately $8,272,000. Raymond James Financial Inc. owned about 0.34% of Warby Parker at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WRBY. American Century Companies Inc. lifted its position in shares of Warby Parker by 64.7% during 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 during the last quarter. Great Lakes Advisors LLC purchased a new stake in Warby Parker in the fourth quarter valued at $14,596,000. Renaissance Technologies LLC lifted its position in Warby Parker by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company's stock valued at $48,478,000 after acquiring an additional 313,100 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Warby Parker by 792.7% in the fourth quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company's stock valued at $7,560,000 after acquiring an additional 277,278 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Warby Parker by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company's stock valued at $39,519,000 after acquiring an additional 268,025 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Steven Clive Miller sold 11,684 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the transaction, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,651 shares of company stock valued at $2,313,092. 26.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on WRBY. Roth Capital raised shares of Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Evercore ISI reissued an "in-line" rating and issued a $23.00 price target on shares of Warby Parker in a research report on Friday, January 17th. Morgan Stanley upped their target price on shares of Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. UBS Group raised their price target on Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Finally, Loop Capital raised Warby Parker from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.93.

Warby Parker Stock Performance

WRBY stock traded down $0.05 during midday trading on Monday, hitting $15.47. 1,713,907 shares of the stock were exchanged, compared to its average volume of 1,758,986. The stock's 50-day moving average price is $18.66 and its 200-day moving average price is $21.58. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -57.30 and a beta of 2.00. Warby Parker Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $28.68.

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.