30,602 Shares in Warby Parker Inc. (NYSE:WRBY) Purchased by Sei Investments Co.

Sei Investments Co. bought a new stake in shares of Warby Parker Inc. (NYSE:WRBY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,602 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WRBY. Vaughan Nelson Investment Management L.P. boosted its holdings in Warby Parker by 3.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company’s stock valued at $64,047,000 after purchasing an additional 89,835 shares during the last quarter. State Street Corp raised its position 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 valued at $36,073,000 after buying an additional 69,108 shares during the period. American Century Companies Inc. raised its position in shares of Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock valued at $51,916,000 after buying an additional 842,558 shares during the period. Geode Capital Management LLC grew its position in 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 acquiring an additional 144,623 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Warby Parker by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company’s stock worth $39,519,000 after acquiring an additional 268,025 shares during the period. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Insider Activity

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the transaction, the chief executive officer now owns 23,961 shares of the company’s stock, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,651 shares of company stock worth $2,313,092 in the last three months. 26.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WRBY shares. UBS Group raised their target price on Warby Parker from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Stifel Nicolaus raised their price objective on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Roth Mkm started coverage on shares of Warby Parker in a report on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 price objective for the company. Citigroup reiterated an “outperform” rating on shares of Warby Parker in a report on Friday, February 28th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $28.00 price target on shares of Warby Parker in a research note on Thursday, February 27th. 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 stock. According to MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

Warby Parker Stock Down 8.2 %

Shares of Warby Parker stock opened at $14.22 on Wednesday. The stock has a market cap of $1.47 billion, a PE ratio of -52.65 and a beta of 2.00. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The business has a fifty day simple moving average of $22.09 and a 200-day simple moving average of $21.64.

Warby Parker Company 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.