Loomis Sayles & Co. L P Sells 50,606 Shares of Warby Parker Inc. (NYSE:WRBY)

Loomis Sayles & Co. L P lessened its holdings in Warby Parker Inc. (NYSE:WRBY) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,732,023 shares of the company’s stock after selling 50,606 shares during the quarter. Loomis Sayles & Co. L P owned about 1.70% of Warby Parker worth $41,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WRBY. American Century Companies Inc. boosted its position in shares of Warby Parker by 64.7% in 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 in the last quarter. Great Lakes Advisors LLC bought a new stake in Warby Parker in the fourth quarter worth $14,596,000. Verition Fund Management LLC purchased a new stake in shares of Warby Parker in the third quarter worth $7,462,000. Raymond James Financial Inc. bought a new position in shares of Warby Parker during the fourth quarter valued at $8,272,000. Finally, First Eagle Investment Management LLC raised its position in shares of Warby Parker by 792.7% in the 4th quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company’s stock worth $7,560,000 after purchasing an additional 277,278 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Trading Down 2.2 %

Shares of NYSE WRBY opened at $19.04 on Friday. Warby Parker Inc. has a 12-month low of $11.66 and a 12-month high of $28.68. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -70.51 and a beta of 1.91. The firm has a 50 day moving average of $23.72 and a 200 day moving average of $21.46.

Analyst Ratings Changes

WRBY has been the subject of a number of analyst reports. Roth Mkm initiated coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price objective for the company. JMP Securities raised their price target on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Citigroup reaffirmed an “outperform” rating on shares of Warby Parker in a research report on Friday, February 28th. Evercore ISI reissued an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a report on Friday, January 17th. Finally, Stifel Nicolaus upped their price target on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Six equities research 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 company. According to data from MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and an average target price of $23.43.

Insider Activity

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $336,206.97. This trade represents a 80.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 389,651 shares of company stock valued at $9,855,092 in the last 90 days. Company insiders own 26.55% of the company’s stock.

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.