4 hours Ago By ABMN Staff
Summit Investment Advisors Inc. lifted its position in Warby Parker Inc. ( NYSE:WRBY – Free Report ) by 10.
0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,265 shares of the company’s stock after acquiring an additional 840 shares during the period. Summit Investment Advisors Inc.
’s holdings in Warby Parker were worth $224,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company. Raymond James Financial Inc.
acquired a new stake in Warby Parker during the 4th quarter valued at $8,272,000. Renaissance Technologies LLC lifted its stake in Warby Parker by 18.5% in the 4th quarter.
Renaissance Technologies LLC now owns 2,002,400 shares of the company’s stock worth $48,478,000 after acquiring an additional 313,100 shares in the last quarter. Invesco Ltd. boosted its position in Warby Parker by 69.
0% during the 4th quarter. Invesco Ltd. now owns 152,934 shares of the company’s stock worth $3,703,000 after acquiring an additional 62,462 shares during the period.
Bank of Montreal Can grew its stake in Warby Parker by 19.5% during the 4th quarter. Bank of Montreal Can now owns 40,270 shares of the company’s stock valued at $975,000 after acquiring an additional 6,559 shares in the last quarter.
Finally, Polymer Capital Management US LLC acquired a new position in shares of Warby Parker in the 4th quarter valued at about $423,000. Institutional investors and hedge funds own 93.24% of the company’s stock.
Wall Street Analyst Weigh In WRBY has been the topic of a number of research analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Warby Parker in a research report on Friday, February 28th. Robert W.
Baird upped their price target on shares of Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th.
Telsey Advisory Group reissued an “outperform” rating and set a $28.00 price objective on shares of Warby Parker in a research report on Thursday, February 27th. JMP Securities dropped their target price on Warby Parker from $30.
00 to $22.00 and set a “market outperform” rating on the stock in a research report on Monday, April 14th. Finally, Roth Mkm initiated coverage on Warby Parker in a research note on Tuesday, February 25th.
They issued a “neutral” rating and a $26.00 price target for the company. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat, Warby Parker has an average rating of “Moderate Buy” and an average target price of $23.50. Warby Parker Stock Down 1.
2 % WRBY opened at $14.09 on Tuesday. Warby Parker Inc.
has a 12-month low of $11.66 and a 12-month high of $28.68.
The firm has a market capitalization of $1.46 billion, a P/E ratio of -52.19 and a beta of 2.
00. The stock’s 50 day moving average price is $19.71 and its two-hundred day moving average price is $21.
60. Insider Buying and Selling In other news, CEO Neil Harris Blumenthal sold 27,967 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.
52, for a total transaction of $657,783.84. Following the completion of the transaction, the chief executive officer now owns 23,961 shares of the company’s stock, valued at approximately $563,562.
72. This represents a 53.86 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.
52, for a total value of $274,807.68. Following the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.
04. This trade represents a 5.40 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 89,651 shares of company stock valued at $2,313,092. 26.
55% of the stock is owned by company insiders. Warby Parker 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 Want to see what other hedge funds are holding WRBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warby Parker Inc.
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