Swiss National Bank Purchases 3,800 Shares of Warby Parker Inc. (NYSE:WRBY)

Swiss National Bank raised its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,300 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Swiss National Bank owned approximately 0.17% of Warby Parker worth $4,075,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WRBY. State Street Corp lifted its holdings in shares of Warby Parker by 3.2% during the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after purchasing an additional 69,108 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Warby Parker during the 3rd quarter valued at about $1,223,000. Loomis Sayles & Co. L P lifted its position in shares of Warby Parker by 20.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock valued at $29,111,000 after buying an additional 300,891 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Warby Parker by 193.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,620 shares of the company’s stock valued at $1,463,000 after buying an additional 59,121 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Warby Parker in the 3rd quarter worth approximately $495,000. 93.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Roth Capital upgraded shares of Warby Parker to a “strong-buy” rating in a research note on Monday, February 24th. Robert W. Baird boosted their target price on Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and set a $28.00 price target on shares of Warby Parker in a report on Thursday, February 27th. The Goldman Sachs Group increased 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. Finally, Citigroup reiterated an “outperform” rating on shares of Warby Parker in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.43.

Warby Parker Trading Down 0.5 %

Shares of NYSE WRBY opened at $20.12 on Wednesday. The stock has a market capitalization of $2.08 billion, a PE ratio of -74.52 and a beta of 1.91. The stock’s fifty day simple moving average is $24.00 and its two-hundred day simple moving average is $21.49. Warby Parker Inc. has a 12-month low of $11.66 and a 12-month high of $28.68.

Insider Activity

In other Warby Parker news, CEO Neil Harris Blumenthal sold 300,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total value of $7,542,000.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $306,129.78. This represents 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 Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the transaction, the chief financial officer now directly owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 389,651 shares of company stock worth $9,855,092. Corporate insiders own 26.55% of the company’s stock.

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.