Silvercrest Asset Management Group LLC Has $12.08 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Silvercrest Asset Management Group LLC trimmed its stake in Warby Parker Inc. (NYSE:WRBY) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 499,024 shares of the company’s stock after selling 4,895 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Warby Parker were worth $12,081,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Arizona State Retirement System grew its holdings in Warby Parker by 2.6% in the fourth quarter. Arizona State Retirement System now owns 24,881 shares of the company’s stock worth $602,000 after purchasing an additional 619 shares during the period. Mariner LLC grew its holdings in shares of Warby Parker by 6.5% during the fourth quarter. Mariner LLC now owns 10,772 shares of the company’s stock valued at $261,000 after buying an additional 660 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Warby Parker by 10.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company’s stock valued at $224,000 after buying an additional 840 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Warby Parker during the fourth quarter valued at about $25,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after buying an additional 1,028 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 27,967 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 transaction of $657,783.84. Following the completion of the sale, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. This represents a 53.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 26.55% of the company’s stock.

Warby Parker Stock Performance

Shares of WRBY stock opened at $17.71 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -65.59 and a beta of 2.01. Warby Parker Inc. has a 52 week low of $12.46 and a 52 week high of $28.68. The firm’s 50-day simple moving average is $16.96 and its two-hundred day simple moving average is $21.56.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 9th. Stifel Nicolaus reduced their price objective on shares of Warby Parker from $25.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Roth Mkm assumed coverage on shares of Warby Parker in a report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price objective for the company. Piper Sandler reduced their price objective on shares of Warby Parker from $30.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, UBS Group reduced their price objective on shares of Warby Parker from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

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.