Charles Schwab Investment Management Inc. Acquires 87,868 Shares of Warby Parker Inc. (NYSE:WRBY)

Charles Schwab Investment Management Inc. grew its holdings in Warby Parker Inc. (NYSE:WRBY) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 729,049 shares of the company’s stock after purchasing an additional 87,868 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.72% of Warby Parker worth $11,905,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in Warby Parker by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after buying an additional 1,556 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Warby Parker by 11.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after acquiring an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Warby Parker by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after acquiring an additional 3,007 shares in the last quarter. Arizona State Retirement System grew its position in Warby Parker by 16.0% during the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock worth $376,000 after acquiring an additional 3,224 shares during the last quarter. Finally, LVW Advisors LLC increased its holdings in Warby Parker by 27.9% in the 3rd quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WRBY. BTIG Research boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted 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. Robert W. Baird raised their target price on Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Friday, August 23rd. Finally, The Goldman Sachs Group raised Warby Parker from a “neutral” rating to a “buy” rating and increased their price target for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and a consensus target price of $18.82.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock in a transaction on Tuesday, December 3rd. The stock was 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 owns 12,177 shares in the company, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares of the company’s stock, valued at $2,467,083.20. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,779 shares of company stock valued at $1,247,477 over the last quarter. Corporate insiders own 26.55% of the company’s stock.

Warby Parker Price Performance

NYSE:WRBY opened at $23.79 on Monday. The firm’s 50-day moving average price is $19.17 and its 200-day moving average price is $16.78. The company 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 1-year low of $10.28 and a 1-year high of $24.60.

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.