Vanguard Group Inc. Has $176.82 Million Holdings in Warby Parker Inc. $WRBY

Vanguard Group Inc. cut its holdings in Warby Parker Inc. (NYSE:WRBY) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,699,483 shares of the company’s stock after selling 118,592 shares during the quarter. Vanguard Group Inc. owned 9.28% of Warby Parker worth $176,822,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC bought a new stake in shares of Warby Parker during the first quarter valued at approximately $939,000. Jefferies Financial Group Inc. bought a new stake in shares of Warby Parker during the first quarter valued at approximately $292,000. Modera Wealth Management LLC bought a new stake in shares of Warby Parker during the first quarter valued at approximately $186,000. XTX Topco Ltd bought a new stake in shares of Warby Parker during the first quarter valued at approximately $395,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Warby Parker by 17.7% during the first quarter. GSA Capital Partners LLP now owns 35,187 shares of the company’s stock valued at $641,000 after acquiring an additional 5,287 shares in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on WRBY shares. Citigroup restated a “neutral” rating and set a $22.00 price objective (up previously from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Stifel Nicolaus boosted their price objective on Warby Parker from $21.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 8th. Robert W. Baird set a $30.00 price objective on Warby Parker and gave the company an “outperform” rating in a report on Wednesday, July 30th. Telsey Advisory Group restated an “outperform” rating and set a $28.00 price objective on shares of Warby Parker in a report on Thursday, August 7th. Finally, Cowen restated a “buy” rating on shares of Warby Parker in a report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.06.

Warby Parker Trading Down 3.6%

Shares of Warby Parker stock opened at $26.3470 on Wednesday. The stock has a fifty day simple moving average of $23.28 and a 200 day simple moving average of $21.02. Warby Parker Inc. has a 12-month low of $12.69 and a 12-month high of $29.73. The company has a market capitalization of $2.77 billion, a P/E ratio of -376.33 and a beta of 2.09.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, Director Teresa Briggs sold 6,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $23.56, for a total value of $141,360.00. Following the completion of the transaction, the director owned 44,879 shares in the company, valued at $1,057,349.24. This represents a 11.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Youngme E. Moon sold 33,073 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the transaction, the director owned 53,869 shares of the company’s stock, valued at $1,071,993.10. This trade represents a 38.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,073 shares of company stock worth $3,265,433 in the last quarter. 18.24% of the stock is currently owned by company insiders.

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.