Rhumbline Advisers Boosts Holdings in Warby Parker Inc. (NYSE:WRBY)

Rhumbline Advisers boosted its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 123,915 shares of the company’s stock after purchasing an additional 2,634 shares during the period. Rhumbline Advisers owned approximately 0.12% of Warby Parker worth $3,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV grew its holdings in Warby Parker by 39.3% during the fourth quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after acquiring an additional 1,339 shares during the period. Shaker Investments LLC OH acquired a new stake in shares of Warby Parker during the 4th quarter worth approximately $279,000. Thrivent Financial for Lutherans purchased a new position in shares of Warby Parker during the 3rd quarter valued at approximately $213,000. Choreo LLC lifted its stake in shares of Warby Parker by 60.6% in the 4th quarter. Choreo LLC now owns 17,155 shares of the company’s stock valued at $415,000 after purchasing an additional 6,472 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Warby Parker in the 3rd quarter valued at $318,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 14,853 shares of Warby Parker stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33. Following the transaction, the chief financial officer now owns 189,146 shares in the company, valued at approximately $4,276,591.06. This trade represents a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 608,032 shares of company stock worth $15,188,364 in the last ninety days. Insiders own 26.55% of the company’s stock.

Analyst Upgrades and Downgrades

WRBY has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup reiterated a “sell” rating and set a $23.00 price target (up previously from $19.00) on shares of Warby Parker in a research report on Wednesday, February 5th. Roth Mkm initiated coverage on Warby Parker in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $28.00 target price on shares of Warby Parker in a research report on Thursday. Finally, Morgan Stanley boosted their price target on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.43.

Warby Parker Trading Up 1.9 %

WRBY opened at $24.77 on Friday. The firm has a market capitalization of $2.52 billion, a PE ratio of -91.75 and a beta of 1.90. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $28.68. The firm’s 50-day moving average price is $25.61 and its 200 day moving average price is $20.68.

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.