18,527 Shares in Warby Parker Inc. $WRBY Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,527 shares of the company’s stock, valued at approximately $412,000.

Other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Warby Parker in the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Warby Parker in the 1st quarter worth approximately $58,000. Anderson Financial Strategies LLC increased its position in Warby Parker by 39.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock worth $72,000 after buying an additional 1,109 shares during the period. CWM LLC lifted its holdings in shares of Warby Parker by 231.9% during the first quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $107,000 after buying an additional 4,091 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Warby Parker by 4,937.0% in the first quarter. GAMMA Investing LLC now owns 6,800 shares of the company’s stock valued at $124,000 after acquiring an additional 6,665 shares during the period. 93.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WRBY has been the topic of a number of research reports. Cowen reaffirmed a “buy” rating on shares of Warby Parker in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on shares of Warby Parker from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $28.00 target price on shares of Warby Parker in a research note on Thursday, August 7th. JMP Securities reissued a “market perform” rating on shares of Warby Parker in a research report on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Warby Parker in a report on Saturday, September 27th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Warby Parker currently has an average rating of “Hold” and a consensus price target of $24.75.

Insider Transactions at Warby Parker

In other Warby Parker news, Director Teresa Briggs sold 6,000 shares of the 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 transaction, the director directly owned 44,879 shares in the company, valued at approximately $1,057,349.24. This trade represents a 11.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction 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 owned 28,347 shares of the company’s stock, 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. Over the last three months, insiders have sold 191,000 shares of company stock worth $4,919,941. Corporate insiders own 18.24% of the company’s stock.

Warby Parker Stock Down 3.1%

Warby Parker stock opened at $25.41 on Tuesday. The stock has a 50-day simple moving average of $26.20 and a 200 day simple moving average of $21.81. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -362.95 and a beta of 2.10. Warby Parker Inc. has a 12-month low of $13.63 and a 12-month high of $29.73.

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.