KBC Group NV Purchases 1,339 Shares of Warby Parker Inc. (NYSE:WRBY)

KBC Group NV grew its position in shares of Warby Parker Inc. (NYSE:WRBY) by 39.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,743 shares of the company’s stock after buying an additional 1,339 shares during the quarter. KBC Group NV’s holdings in Warby Parker were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Warby Parker by 3.2% during the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after purchasing an additional 69,108 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of Warby Parker during the third quarter valued at $1,223,000. TimesSquare Capital Management LLC boosted its position in shares of Warby Parker by 12.8% during the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after buying an additional 211,050 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Warby Parker by 3.2% in 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 in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Warby Parker by 20.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock worth $29,111,000 after buying an additional 300,891 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JMP Securities lifted their target price on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. Citigroup restated a “sell” rating and issued a $23.00 price target (up from $19.00) on shares of Warby Parker in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.77.

Warby Parker Stock Up 0.4 %

WRBY stock opened at $26.37 on Friday. The business’s 50-day moving average price is $25.21 and its 200-day moving average price is $19.62. The stock has a market cap of $2.68 billion, a P/E ratio of -97.67 and a beta of 1.90. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $28.68.

Insiders Place Their Bets

In other Warby Parker 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 transaction of $1,380,500.00. Following the sale, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Clive Miller sold 7,016 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the completion of the transaction, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. This trade represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 608,032 shares of company stock worth $15,188,364. Company insiders own 26.55% of the company’s stock.

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.