KBC Group NV Increases Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

KBC Group NV grew its position in shares of Warby Parker Inc. (NYSE:WRBY) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,743 shares of the company’s stock after buying an additional 1,339 shares during the quarter. KBC Group NV’s holdings in Warby Parker were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dakota Wealth Management bought a new position in Warby Parker during the fourth quarter valued at about $895,000. Perpetual Ltd bought a new position in shares of Warby Parker during the 4th quarter worth $488,000. Geode Capital Management LLC increased its holdings in Warby Parker by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock worth $32,187,000 after acquiring an additional 144,623 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Warby Parker in the 3rd quarter valued at about $318,000. Finally, XTX Topco Ltd lifted its holdings in Warby Parker by 71.8% during the third quarter. XTX Topco Ltd now owns 44,145 shares of the company’s stock valued at $721,000 after purchasing an additional 18,443 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Insider Buying and Selling at Warby Parker

In related news, CFO Steven Clive Miller sold 14,853 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $335,826.33. Following the sale, the chief financial officer now owns 189,146 shares in the company, valued at $4,276,591.06. This represents a 7.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $275,321.97. The trade was a 74.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 608,032 shares of company stock valued at $15,188,364. 26.55% of the stock is currently owned by company insiders.

Warby Parker Stock Performance

Shares of NYSE:WRBY opened at $26.37 on Friday. The firm has a market capitalization of $2.68 billion, a P/E ratio of -97.67 and a beta of 1.90. The stock has a 50 day moving average price of $25.21 and a 200-day moving average price of $19.62. Warby Parker Inc. has a 52-week low of $11.35 and a 52-week high of $28.68.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 report on Friday, November 8th. JMP Securities raised their price target on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. The Goldman Sachs Group raised their price objective on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their target price on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.77.

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.