602,895 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 602,895 shares of the company’s stock, valued at approximately $14,596,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after buying an additional 1,556 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Warby Parker during the 3rd quarter worth about $372,000. Natixis Advisors LLC lifted its holdings in Warby Parker by 4.7% during the 3rd quarter. Natixis Advisors LLC now owns 466,413 shares of the company’s stock worth $7,617,000 after buying an additional 21,121 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Warby Parker by 3.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock worth $41,735,000 after buying an additional 78,295 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Warby Parker in the 3rd quarter valued at about $213,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Neil Harris Blumenthal sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at $306,129.78. This represents a 96.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the company’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 completion of the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 539,651 shares of company stock worth $13,617,652 in the last quarter. Company insiders own 26.55% of the company’s stock.

Warby Parker Price Performance

WRBY opened at $20.42 on Thursday. The stock has a market cap of $2.12 billion, a P/E ratio of -75.64 and a beta of 1.91. The stock’s 50 day simple moving average is $25.14 and its 200 day simple moving average is $21.12. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $28.68.

Analysts Set New Price Targets

Several research firms have recently weighed in on WRBY. Stifel Nicolaus boosted their target price on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Citigroup reaffirmed an “outperform” rating on shares of Warby Parker in a research note on Friday, February 28th. Evercore ISI reaffirmed an “in-line” rating and set a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Robert W. Baird upped their price objective on Warby Parker from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Finally, JMP Securities upped their price objective on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. Six investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

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.