Nebula Research & Development LLC Sells 49,261 Shares of Warby Parker Inc. (NYSE:WRBY)

Nebula Research & Development LLC cut its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,551 shares of the company's stock after selling 49,261 shares during the period. Nebula Research & Development LLC owned approximately 0.07% of Warby Parker worth $1,684,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in shares of Warby Parker by 2.6% during the 4th quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock worth $602,000 after acquiring an additional 619 shares during the period. Mariner LLC lifted its stake in Warby Parker by 6.5% during the fourth quarter. Mariner LLC now owns 10,772 shares of the company's stock worth $261,000 after purchasing an additional 660 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Warby Parker by 10.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company's stock valued at $224,000 after purchasing an additional 840 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Warby Parker in the 4th quarter valued at approximately $25,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after purchasing an additional 1,028 shares during the period. 93.24% of the stock is owned by institutional investors.

Warby Parker Stock Up 4.5 %

NYSE WRBY traded up $0.71 on Wednesday, reaching $16.51. The company had a trading volume of 2,378,502 shares, compared to its average volume of 1,765,495. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68. The stock's 50 day moving average is $18.47 and its 200-day moving average is $21.54. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -61.15 and a beta of 2.00.

Insiders Place Their Bets

In related news, CFO Steven Clive Miller sold 11,684 shares of the firm's 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 sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 23,961 shares in the company, valued at approximately $563,562.72. The trade was a 53.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,651 shares of company stock worth $2,313,092. Company insiders own 26.55% of the company's stock.

Analysts Set New Price Targets

WRBY has been the topic of several analyst reports. 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 note on Thursday, April 17th. Roth Capital upgraded Warby Parker to a "strong-buy" rating in a research report on Monday, February 24th. Telsey Advisory Group restated an "outperform" rating and set a $28.00 price target on shares of Warby Parker in a research report on Thursday, February 27th. Morgan Stanley increased their price target 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. Finally, Roth Mkm started coverage on Warby Parker in a research report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price target on the stock. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.