Fmr LLC Has $145.64 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

FMR LLC trimmed its position in Warby Parker Inc. (NYSE:WRBY - Free Report) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,015,648 shares of the company's stock after selling 652,938 shares during the quarter. FMR LLC owned about 5.92% of Warby Parker worth $145,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WRBY. State Street Corp grew its stake in shares of Warby Parker by 3.2% in the third quarter. State Street Corp now owns 2,209,025 shares of the company's stock worth $36,073,000 after acquiring an additional 69,108 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Warby Parker in the 3rd quarter worth approximately $318,000. Geode Capital Management LLC grew its holdings in shares of Warby Parker by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company's stock worth $32,187,000 after purchasing an additional 144,623 shares in the last quarter. Perpetual Ltd bought a new stake in shares of Warby Parker during the fourth quarter valued at approximately $488,000. Finally, Dakota Wealth Management bought a new position in Warby Parker in the fourth quarter worth $895,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at $336,206.97. This represents a 80.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of the sale, the chief financial officer now owns 204,727 shares in the company, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,651 shares of company stock valued at $2,313,092. Corporate insiders own 26.55% of the company's stock.

Warby Parker Stock Performance

Warby Parker stock traded down $0.01 during trading hours on Friday, reaching $14.25. 3,250,076 shares of the company's stock traded hands, compared to its average volume of 1,730,358. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -52.78 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. The firm's 50 day moving average is $20.18 and its 200-day moving average is $21.54.

Analysts Set New Price Targets

WRBY has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Stifel Nicolaus decreased their price objective on Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group reissued an "outperform" rating and issued a $28.00 target price on shares of Warby Parker in a report on Thursday, February 27th. Roth Capital upgraded shares of Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Finally, JMP Securities reduced their target price on Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a report on Monday. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.50.

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.