Alberta Investment Management Corp Purchases 69,501 Shares of Warby Parker Inc. (NYSE:WRBY)

Alberta Investment Management Corp grew its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,918 shares of the company’s stock after buying an additional 69,501 shares during the quarter. Alberta Investment Management Corp owned 0.16% of Warby Parker worth $4,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WRBY. Zweig DiMenna Associates LLC boosted its position in shares of Warby Parker by 57.2% during the third quarter. Zweig DiMenna Associates LLC now owns 507,450 shares of the company’s stock valued at $8,287,000 after buying an additional 184,700 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after buying an additional 1,556 shares during the last quarter. AIA Group Ltd boosted its position in Warby Parker by 12.2% in the third quarter. AIA Group Ltd now owns 182,573 shares of the company’s stock worth $2,981,000 after purchasing an additional 19,923 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of 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 purchasing an additional 211,050 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Warby Parker in the 3rd quarter worth about $372,000. 93.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on WRBY. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Warby Parker in a research report on Thursday. Piper Sandler lifted 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. 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. Evercore ISI reissued an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a report on Friday, January 17th. Finally, JMP Securities lifted their price objective on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Warby Parker has an average rating of “Moderate Buy” and a consensus price target of $21.92.

Insider Activity at Warby Parker

In other news, CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 608,032 shares of company stock valued at $15,188,364 over the last three months. 26.55% of the stock is owned by corporate insiders.

Warby Parker Stock Down 0.7 %

NYSE:WRBY opened at $25.33 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of -93.80 and a beta of 1.90. The business’s 50-day moving average price is $25.66 and its two-hundred day moving average price is $20.22. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $28.68.

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.