13,030 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in Warby Parker Inc. (NYSE:WRBY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,030 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock valued at $39,787,000 after buying an additional 1,315,672 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Warby Parker by 1,013.4% during the 2nd quarter. Marshall Wace LLP now owns 1,422,940 shares of the company’s stock valued at $22,852,000 after purchasing an additional 1,295,136 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Warby Parker by 44.3% in the 2nd 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 period. Zweig DiMenna Associates LLC purchased a new stake in Warby Parker during the second quarter worth $5,183,000. Finally, Dimensional Fund Advisors LP grew its position in Warby Parker by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company’s stock valued at $21,994,000 after buying an additional 308,472 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Friday, August 23rd. Stifel Nicolaus boosted their price objective on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 9th. BTIG Research lifted their price target on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Finally, Piper Sandler boosted their target price 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.82.

Insider Transactions at Warby Parker

In other news, CFO Steven Clive Miller sold 14,853 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the sale, the chief financial officer now owns 189,146 shares in the company, valued at approximately $4,276,591.06. The trade was a 7.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $817,645.43. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $275,321.97. This trade represents a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,779 shares of company stock worth $1,941,977. 26.55% of the stock is currently owned by company insiders.

Warby Parker Stock Performance

WRBY opened at $23.79 on Friday. The stock has a market capitalization of $2.42 billion, a PE ratio of -88.11 and a beta of 1.93. Warby Parker Inc. has a one year low of $10.28 and a one year high of $24.60. The business’s 50 day moving average price is $19.17 and its 200 day moving average price is $16.78.

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.