41,326 Shares in Warby Parker Inc. $WRBY Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new position in Warby Parker Inc. (NYSE:WRBY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,326 shares of the company’s stock, valued at approximately $900,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of Warby Parker by 101.0% during the 1st quarter. AQR Capital Management LLC now owns 171,271 shares of the company’s stock worth $3,122,000 after purchasing an additional 86,053 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Warby Parker by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,690 shares of the company’s stock valued at $961,000 after purchasing an additional 2,297 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Warby Parker by 96.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after buying an additional 929,073 shares in the last quarter. Caxton Associates LLP purchased a new stake in Warby Parker during the first quarter worth about $252,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Warby Parker by 17.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,020 shares of the company’s stock worth $4,685,000 after buying an additional 38,395 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 150,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $25.09, for a total transaction of $3,763,500.00. Following the sale, the chief executive officer owned 37,119 shares of the company’s stock, valued at $931,315.71. This trade represents a 80.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley E. Singer sold 15,793 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $27.53, for a total value of $434,781.29. Following the sale, the director directly owned 16,026 shares in the company, valued at approximately $441,195.78. The trade was a 49.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 216,453 shares of company stock valued at $5,572,075 in the last three months. 18.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citizens Jmp raised shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Wednesday, December 10th. Weiss Ratings lowered Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 2nd. Stifel Nicolaus upped their price target on Warby Parker from $19.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, December 12th. Piper Sandler raised their price objective on Warby Parker from $22.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Warby Parker in a report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Warby Parker Trading Down 5.0%

Shares of WRBY opened at $20.33 on Friday. Warby Parker Inc. has a 12-month low of $13.63 and a 12-month high of $31.00. The stock has a market cap of $2.17 billion, a P/E ratio of 1,017.06 and a beta of 2.07. The company has a 50-day moving average of $24.01 and a two-hundred day moving average of $23.60.

About Warby Parker

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.