Warby Parker Inc. (NYSE:WRBY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 7.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,970,620 shares of the company’s stock after buying an additional 144,623 shares during the quarter. Geode Capital Management LLC’s holdings in Warby Parker were worth $32,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Warby Parker by 14.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company’s stock valued at $12,965,000 after purchasing an additional 104,360 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Warby Parker by 8.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 214,560 shares of the company’s stock valued at $3,446,000 after acquiring an additional 16,939 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Warby Parker in the second quarter worth $675,000. Natixis Advisors LLC raised its holdings in shares of Warby Parker by 58.8% during the second quarter. Natixis Advisors LLC now owns 445,292 shares of the company’s stock worth $7,151,000 after purchasing an additional 164,879 shares during the last quarter. Finally, Versor Investments LP lifted its position in Warby Parker by 137.2% during the second quarter. Versor Investments LP now owns 26,800 shares of the company’s stock valued at $430,000 after purchasing an additional 15,500 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Neil Harris Blumenthal sold 56,054 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.09, for a total value of $1,406,394.86. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $305,520.93. This represents a 82.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the transaction, the chief financial officer now owns 182,130 shares in the company, valued at $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,086 shares of company stock worth $3,909,698 over the last quarter. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Stock Up 2.6 %

WRBY opened at $25.72 on Thursday. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $25.89. The company has a 50-day moving average price of $21.39 and a 200 day moving average price of $17.43. The company has a market cap of $2.61 billion, a PE ratio of -95.26 and a beta of 1.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and boosted their price target for the company from $15.00 to $18.00 in a report on Monday, October 21st. Piper Sandler raised their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. JMP Securities lifted their target price on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Finally, Stifel Nicolaus raised their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.73.

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.