Warby Parker Inc. (NYSE:WRBY) Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its position in shares of Warby Parker Inc. (NYSE:WRBYGet Rating) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,847 shares of the company’s stock after selling 4,926 shares during the quarter. Diversified Trust Co’s holdings in Warby Parker were worth $381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its position in Warby Parker by 7.0% during the first quarter. Neuberger Berman Group LLC now owns 96,023 shares of the company’s stock worth $3,247,000 after acquiring an additional 6,318 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Warby Parker during the first quarter worth approximately $4,419,000. Capital Research Global Investors boosted its position in Warby Parker by 17.7% during the first quarter. Capital Research Global Investors now owns 5,372,629 shares of the company’s stock worth $181,649,000 after acquiring an additional 809,360 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in Warby Parker during the first quarter worth approximately $200,000. Finally, Royal Bank of Canada boosted its position in Warby Parker by 59.3% during the first quarter. Royal Bank of Canada now owns 10,744 shares of the company’s stock worth $363,000 after acquiring an additional 4,000 shares during the last quarter.

Insiders Place Their Bets

In other Warby Parker news, CEO Neil Harris Blumenthal sold 5,099 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $15.10, for a total transaction of $76,994.90. Following the completion of the transaction, the chief executive officer now directly owns 106 shares of the company’s stock, valued at approximately $1,600.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Steven Clive Miller sold 4,957 shares of Warby Parker stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $15.10, for a total value of $74,850.70. Following the completion of the transaction, the chief financial officer now directly owns 165,547 shares of the company’s stock, valued at approximately $2,499,759.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil Harris Blumenthal sold 5,099 shares of Warby Parker stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $15.10, for a total transaction of $76,994.90. Following the completion of the transaction, the chief executive officer now directly owns 106 shares of the company’s stock, valued at $1,600.60. The disclosure for this sale can be found here. 25.36% of the stock is owned by company insiders.

Warby Parker Price Performance

Shares of WRBY stock opened at $13.01 on Friday. Warby Parker Inc. has a 1-year low of $10.86 and a 1-year high of $60.30. The firm has a fifty day moving average of $13.52 and a two-hundred day moving average of $18.50.

Warby Parker (NYSE:WRBYGet Rating) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.20) earnings per share for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $149.62 million during the quarter, compared to analyst estimates of $148.78 million. Warby Parker had a negative net margin of 35.47% and a negative return on equity of 44.81%. On average, research analysts forecast that Warby Parker Inc. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on WRBY. The Goldman Sachs Group cut their price target on shares of Warby Parker from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 21st. Telsey Advisory Group cut their price target on shares of Warby Parker from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, August 12th. Stifel Nicolaus cut their price target on shares of Warby Parker from $15.00 to $11.00 in a research note on Wednesday, July 20th. Piper Sandler initiated coverage on shares of Warby Parker in a research note on Friday, July 22nd. They issued an “overweight” rating and a $20.00 target price on the stock. Finally, Loop Capital cut their target price on shares of Warby Parker from $18.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, June 27th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.64.

Warby Parker Company Profile

(Get Rating)

Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.

Recommended Stories

Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

Receive News & Ratings for Warby Parker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warby Parker and related companies with MarketBeat.com's FREE daily email newsletter.