Shaker Investments LLC OH Invests $279,000 in Warby Parker Inc. (NYSE:WRBY)

Shaker Investments LLC OH acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,526 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Warby Parker by 3.2% during the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after acquiring an additional 69,108 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Warby Parker in the 3rd quarter valued at $1,223,000. TimesSquare Capital Management LLC increased its stake in shares of Warby Parker by 12.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after purchasing an additional 211,050 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Warby Parker by 3.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock valued at $41,735,000 after buying an additional 78,295 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Warby Parker by 20.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock valued at $29,111,000 after acquiring an additional 300,891 shares during the last quarter. 93.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WRBY. Telsey Advisory Group raised their price target on shares of Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Piper Sandler upped their price target on shares of Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. The Goldman Sachs Group lifted their price target on Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.77.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 300,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at $306,129.78. This represents a 96.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Clive Miller sold 7,016 shares of Warby Parker stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the completion of the sale, the chief financial officer now owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 608,032 shares of company stock valued at $15,188,364. 26.55% of the stock is currently owned by insiders.

Warby Parker Price Performance

NYSE:WRBY opened at $26.64 on Tuesday. Warby Parker Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $28.68. The company has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $19.74.

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.