13,688 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by Gotham Asset Management LLC

Gotham Asset Management LLC purchased a new position in Warby Parker Inc. (NYSE:WRBY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,688 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Warby Parker by 64.7% in the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock worth $51,916,000 after purchasing an additional 842,558 shares in the last quarter. Durable Capital Partners LP raised its holdings in Warby Parker by 10.3% in the fourth quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company’s stock worth $218,322,000 after purchasing an additional 840,797 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Warby Parker in the fourth quarter worth $14,596,000. Symmetry Investments LP bought a new position in Warby Parker in the fourth quarter worth $8,581,000. Finally, Raymond James Financial Inc. bought a new position in Warby Parker in the fourth quarter worth $8,272,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction 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. This represents a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now owns 23,961 shares in the company, valued at $563,562.72. The trade was a 53.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 26.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WRBY shares. The Goldman Sachs Group lifted their price target on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. UBS Group lowered their price target on Warby Parker from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Morgan Stanley lifted their price target on Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on Warby Parker from $25.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Warby Parker Price Performance

WRBY stock opened at $20.42 on Wednesday. Warby Parker Inc. has a 1-year low of $12.46 and a 1-year high of $28.68. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -75.63 and a beta of 2.01. The business has a 50 day simple moving average of $16.90 and a two-hundred day simple moving average of $21.58.

Warby Parker 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.