Choreo LLC Has $415,000 Holdings in Warby Parker Inc. (NYSE:WRBY)

Choreo LLC boosted its holdings in Warby Parker Inc. (NYSE:WRBY) by 60.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,155 shares of the company’s stock after purchasing an additional 6,472 shares during the quarter. Choreo LLC’s holdings in Warby Parker were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. grew its position in Warby Parker by 3.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock worth $41,735,000 after buying an additional 78,295 shares in the last quarter. State Street Corp grew its holdings in shares of Warby Parker by 3.2% during the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after purchasing an additional 69,108 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Warby Parker by 7.9% in the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock worth $32,187,000 after purchasing an additional 144,623 shares during the period. Jennison Associates LLC raised its stake in Warby Parker by 13.6% in the third quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock valued at $31,666,000 after purchasing an additional 232,530 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in Warby Parker by 12.8% during the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after purchasing an additional 211,050 shares during the period. Institutional investors own 93.24% of the company’s stock.

Warby Parker Price Performance

WRBY opened at $26.17 on Thursday. The company’s 50 day moving average price is $25.41 and its two-hundred day moving average price is $19.84. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -96.93 and a beta of 1.90. Warby Parker Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $28.68.

Insider Buying and Selling

In related news, CFO Steven Clive Miller sold 7,016 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the sale, the chief financial officer now directly owns 182,130 shares in the company, valued at $4,343,800.50. This represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the firm’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 transaction of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $275,321.97. The trade was 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 valued at $15,188,364 over the last 90 days. 26.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WRBY. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Citigroup reiterated a “sell” rating and issued a $23.00 price target (up previously from $19.00) on shares of Warby Parker in a research note on Wednesday, February 5th. JMP Securities upped their price objective 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. Finally, Evercore ISI reiterated an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.