Charles Schwab Investment Management Inc. Grows Stake in Warby Parker Inc. $WRBY

Charles Schwab Investment Management Inc. boosted its position in Warby Parker Inc. (NYSE:WRBY) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 744,589 shares of the company’s stock after buying an additional 2,039 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Warby Parker worth $13,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mariner LLC increased its holdings in Warby Parker by 6.5% in the fourth quarter. Mariner LLC now owns 10,772 shares of the company’s stock valued at $261,000 after buying an additional 660 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Warby Parker by 700.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock valued at $29,000 after buying an additional 1,050 shares during the last quarter. Comerica Bank increased its holdings in Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company’s stock valued at $55,000 after buying an additional 1,386 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Warby Parker in the first quarter valued at about $27,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Warby Parker by 5.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,393 shares of the company’s stock valued at $1,220,000 after buying an additional 2,494 shares during the last quarter. 93.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $23.56, for a total transaction of $141,360.00. Following the sale, the director owned 44,879 shares of the company’s stock, valued at $1,057,349.24. The trade was a 11.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $25.11, for a total value of $1,255,500.00. Following the sale, the chief executive officer directly owned 28,347 shares in the company, valued at approximately $711,793.17. The trade was a 63.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,000 shares of company stock worth $2,607,280. Corporate insiders own 18.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird set a $30.00 target price on Warby Parker and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Roth Capital set a $24.00 target price on Warby Parker and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded Warby Parker from a “hold” rating to a “buy” rating in a research note on Friday. TD Securities lifted their target price on Warby Parker from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Citizens Jmp downgraded Warby Parker from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.06.

Warby Parker Trading Up 3.6%

WRBY opened at $27.0180 on Friday. The business’s 50 day moving average is $23.53 and its 200-day moving average is $21.01. The stock has a market cap of $2.84 billion, a PE ratio of -385.92 and a beta of 2.09. Warby Parker Inc. has a twelve month low of $12.69 and a twelve month high of $29.73.

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.