Canada Pension Plan Investment Board Has $1.50 Million Stock Position in Warby Parker Inc. (NYSE:WRBY)

Canada Pension Plan Investment Board cut its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 16.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 93,600 shares of the company’s stock after selling 18,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Warby Parker were worth $1,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Warby Parker during the second quarter worth $413,000. First Eagle Investment Management LLC purchased a new position in Warby Parker during the 2nd quarter worth $131,000. Hsbc Holdings PLC grew its stake in shares of Warby Parker by 11.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock worth $413,000 after acquiring an additional 2,651 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Warby Parker by 44.3% in the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock valued at $25,192,000 after purchasing an additional 481,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Warby Parker by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company’s stock valued at $21,994,000 after purchasing an additional 308,472 shares during the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 6,763 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the sale, the chief financial officer now directly owns 177,488 shares in the company, valued at approximately $2,467,083.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $13.89, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $169,138.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 6,763 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at approximately $2,467,083.20. The disclosure for this sale can be found here. Insiders sold 99,178 shares of company stock valued at $1,339,901 over the last three months. Company insiders own 26.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WRBY. Stifel Nicolaus upped their target price on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a report on Friday, August 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $19.00 target price on shares of Warby Parker in a research report on Thursday, August 8th. Loop Capital boosted their price target on shares of Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Piper Sandler began coverage on shares of Warby Parker in a report on Friday, August 23rd. They set an “overweight” rating and a $18.00 price objective for the company. Finally, JMP Securities raised shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Warby Parker has an average rating of “Moderate Buy” and a consensus price target of $17.11.

Warby Parker Stock Up 4.8 %

NYSE WRBY opened at $16.09 on Friday. The company has a market cap of $1.62 billion, a PE ratio of -34.23 and a beta of 1.80. Warby Parker Inc. has a 52 week low of $9.83 and a 52 week high of $17.95. The firm’s 50-day simple moving average is $14.75 and its two-hundred day simple moving average is $14.67.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. The company had revenue of $188.22 million for the quarter, compared to analysts’ expectations of $186.89 million. As a group, equities research analysts anticipate that Warby Parker Inc. will post -0.04 EPS for the current year.

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.