74,895 Shares in Warby Parker Inc. (NYSE:WRBY) Acquired by Blueshift Asset Management LLC

by · The Cerbat Gem

Blueshift Asset Management LLC purchased a new stake in shares of Warby Parker Inc. (NYSE:WRBY – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 74,895 shares of the company’s stock, valued at approximately $1,223,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in Warby Parker by 610.3% in the second quarter. SG Americas Securities LLC now owns 91,598 shares of the company’s stock valued at $1,471,000 after purchasing an additional 78,702 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock valued at $39,787,000 after acquiring an additional 1,315,672 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Warby Parker in the second quarter valued at approximately $1,465,000. Driehaus Capital Management LLC raised its position in Warby Parker by 43.9% during the second quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company’s stock worth $12,952,000 after acquiring an additional 246,011 shares during the period. Finally, TimesSquare Capital Management LLC increased its stake in Warby Parker by 12.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after buying an additional 211,050 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Performance

NYSE:WRBY opened at $24.15 on Wednesday. Warby Parker Inc. has a 52-week low of $10.28 and a 52-week high of $24.52. The stock’s 50 day moving average price is $17.72 and its 200 day moving average price is $16.33.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WRBY. Stifel Nicolaus raised their price target on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and upped their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Friday, August 23rd. Telsey Advisory Group increased their price target on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, BTIG Research increased their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.82.

Get Our Latest Stock Analysis on Warby Parker

Insider Transactions at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at approximately $2,467,083.20. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $352,859.00. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $158,301. This represents a 69.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,178 shares of company stock worth $1,339,901. Insiders own 26.55% of the company’s stock.

Warby Parker Company Profile

(Free Report)

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.

Further Reading

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