Warby Parker Inc. $WRBY Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in Warby Parker Inc. (NYSE:WRBY) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 410,540 shares of the company’s stock after purchasing an additional 47,536 shares during the quarter. Natixis Advisors LLC owned 0.39% of Warby Parker worth $11,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of Warby Parker by 259.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company’s stock valued at $33,000 after buying an additional 861 shares during the period. PNC Financial Services Group Inc. lifted its stake in Warby Parker by 400.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company’s stock valued at $35,000 after buying an additional 1,281 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Warby Parker during the third quarter valued at $112,000. State of Wyoming acquired a new stake in shares of Warby Parker during the 3rd quarter worth about $135,000. Finally, State of Alaska Department of Revenue purchased a new stake in Warby Parker in the 3rd quarter worth approximately $156,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Warby Parker Price Performance

NYSE WRBY opened at $23.53 on Friday. Warby Parker Inc. has a 1-year low of $13.63 and a 1-year high of $31.00. The firm has a market capitalization of $2.51 billion, a P/E ratio of 1,177.29 and a beta of 2.05. The business’s 50-day simple moving average is $25.35 and its 200-day simple moving average is $24.00.

Insiders Place Their Bets

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $27.08, for a total transaction of $1,354,000.00. Following the completion of the sale, the chief executive officer directly owned 37,119 shares in the company, valued at $1,005,182.52. The trade was a 57.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradley E. Singer sold 15,793 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $27.53, for a total transaction of $434,781.29. Following the completion of the sale, the director directly owned 16,026 shares of the company’s stock, valued at $441,195.78. The trade was a 49.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 236,385 shares of company stock worth $6,090,506 over the last ninety days. 18.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on WRBY shares. Citizens Jmp raised shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Wednesday, December 10th. Piper Sandler boosted their target price on shares of Warby Parker from $22.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Citigroup raised shares of Warby Parker from a “hold” rating to an “outperform” rating in a research note on Wednesday, December 10th. Weiss Ratings lowered shares of Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Warby Parker from $19.00 to $25.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.83.

About Warby Parker

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.