Jones Financial Companies Lllp Increases Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Jones Financial Companies Lllp boosted its position in shares of Warby Parker Inc. (NYSE:WRBY) by 205.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,528 shares of the company’s stock after acquiring an additional 1,028 shares during the quarter. Jones Financial Companies Lllp’s holdings in Warby Parker were worth $37,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Warby Parker in the 4th quarter valued at about $25,000. KBC Group NV raised its position in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after acquiring an additional 1,339 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Warby Parker during the 3rd quarter worth about $213,000. Proficio Capital Partners LLC acquired a new stake in shares of Warby Parker during the 4th quarter worth about $273,000. Finally, Shaker Investments LLC OH acquired a new stake in shares of Warby Parker during the 4th quarter worth about $279,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 300,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $306,129.78. The trade was a 96.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was 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 in the company, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 483,597 shares of company stock worth $12,211,257 over the last three months. 26.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WRBY. The Goldman Sachs Group raised their target price on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. UBS Group lifted their price target on Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. JMP Securities lifted their price target on Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. Evercore ISI reaffirmed an “in-line” rating and set a $23.00 price target on shares of Warby Parker in a research report on Friday, January 17th. Finally, Roth Mkm initiated coverage on Warby Parker in a research report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.43.

Warby Parker Price Performance

Warby Parker stock opened at $17.83 on Wednesday. Warby Parker Inc. has a 1-year low of $11.46 and a 1-year high of $28.68. The company has a market cap of $1.85 billion, a PE ratio of -66.02 and a beta of 1.91. The stock’s 50 day moving average price is $24.62 and its 200 day moving average price is $21.29.

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.