Warby Parker Inc. (NYSE:WRBY) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in Warby Parker Inc. (NYSE:WRBY) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,612 shares of the company’s stock after acquiring an additional 6,697 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of Warby Parker worth $2,381,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Warby Parker by 4,937.0% in the 1st quarter. GAMMA Investing LLC now owns 6,800 shares of the company’s stock valued at $124,000 after purchasing an additional 6,665 shares in the last quarter. Castleark Management LLC acquired a new position in Warby Parker in the fourth quarter valued at approximately $4,294,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Warby Parker by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 218,625 shares of the company’s stock valued at $5,293,000 after acquiring an additional 22,853 shares during the period. Two Sigma Advisers LP boosted its position in Warby Parker by 512.8% during the 4th quarter. Two Sigma Advisers LP now owns 124,400 shares of the company’s stock valued at $3,012,000 after purchasing an additional 104,100 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Warby Parker by 72.5% during the 4th quarter. Two Sigma Investments LP now owns 242,582 shares of the company’s stock valued at $5,873,000 after purchasing an additional 101,986 shares during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup reiterated a “neutral” rating and set a $22.00 price target (up previously from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st. Stifel Nicolaus upped their price target on shares of Warby Parker from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, May 21st. JMP Securities reduced their target price on Warby Parker from $30.00 to $22.00 and set a “market outperform” rating for the company in a report on Monday, April 14th. Piper Sandler restated an “overweight” rating and issued a $25.00 target price (up previously from $20.00) on shares of Warby Parker in a report on Thursday, May 29th. Finally, Telsey Advisory Group reduced their price objective on Warby Parker from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.88.

Insider Activity at Warby Parker

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the sale, the director now owns 53,869 shares in the company, valued at $1,071,993.10. This represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 18.24% of the stock is owned by company insiders.

Warby Parker Price Performance

NYSE WRBY opened at $21.75 on Tuesday. The stock’s 50-day moving average is $18.06 and its two-hundred day moving average is $21.52. The firm has a market cap of $2.27 billion, a P/E ratio of -80.55 and a beta of 2.10. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68.

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.