Warby Parker Inc. (NYSE:WRBY) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,973 shares of the company’s stock after selling 85,654 shares during the quarter. Trexquant Investment LP’s holdings in Warby Parker were worth $3,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its holdings in Warby Parker by 3.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company’s stock worth $64,047,000 after acquiring an additional 89,835 shares in the last quarter. State Street Corp lifted its position in shares of Warby Parker by 3.2% during the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after purchasing an additional 69,108 shares during the last quarter. American Century Companies Inc. grew its stake in Warby Parker by 64.7% in the fourth 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. Geode Capital Management LLC grew its stake in Warby Parker by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,997,624 shares of the company’s stock worth $48,375,000 after purchasing an additional 27,004 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Warby Parker by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company’s stock valued at $39,519,000 after buying an additional 268,025 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Analysts Set New Price Targets

WRBY has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $28.00 target price on shares of Warby Parker in a research report on Thursday, February 27th. Roth Capital raised shares of Warby Parker to a “strong-buy” rating in a report on Monday, February 24th. Evercore ISI reissued an “in-line” rating and set a $23.00 target price on shares of Warby Parker in a report on Friday, January 17th. Stifel Nicolaus lifted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley increased their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Warby Parker presently has a consensus rating of “Moderate Buy” and an average price target of $23.43.

Insiders Place Their Bets

In related news, CEO Neil Harris Blumenthal sold 27,967 shares of the firm’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 transaction of $657,783.84. Following the completion of the sale, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction 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 sale, the chief financial officer now owns 204,727 shares of the company’s stock, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,651 shares of company stock worth $2,313,092 over the last ninety days. Company insiders own 26.55% of the company’s stock.

Warby Parker Trading Down 2.0 %

Warby Parker stock opened at $15.79 on Friday. The company’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $21.64. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -58.49 and a beta of 2.00. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68.

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.