FourThought Financial Partners LLC Sells 2,112 Shares of Warby Parker Inc. (NYSE:WRBY)

FourThought Financial Partners LLC lowered its position in shares of Warby Parker Inc. (NYSE:WRBY) by 3.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,805 shares of the company’s stock after selling 2,112 shares during the quarter. FourThought Financial Partners LLC owned about 0.06% of Warby Parker worth $787,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WRBY. Scopia Capital Management LP grew its position in Warby Parker by 781.3% during the third quarter. Scopia Capital Management LP now owns 1,590,744 shares of the company’s stock worth $20,934,000 after buying an additional 1,410,243 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Warby Parker during the 4th quarter worth $12,034,000. Baillie Gifford & Co. increased its position in shares of Warby Parker by 6.3% in the fourth quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company’s stock worth $90,669,000 after purchasing an additional 378,781 shares during the period. Rock Springs Capital Management LP raised its stake in Warby Parker by 18.9% in the third quarter. Rock Springs Capital Management LP now owns 1,575,000 shares of the company’s stock valued at $20,727,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Warby Parker by 2.9% during the third quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock worth $103,314,000 after purchasing an additional 219,160 shares during the period. Institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Up 3.1 %

Shares of NYSE WRBY traded up $0.38 during midday trading on Friday, reaching $12.68. 948,073 shares of the company were exchanged, compared to its average volume of 1,087,893. The stock’s 50-day moving average price is $12.72 and its 200-day moving average price is $12.79. The stock has a market cap of $1.26 billion, a P/E ratio of -23.48 and a beta of 1.64. Warby Parker Inc. has a one year low of $9.83 and a one year high of $16.49.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Warby Parker had a negative net margin of 9.44% and a negative return on equity of 16.36%. The firm had revenue of $161.86 million for the quarter, compared to analyst estimates of $161.01 million. On average, equities research analysts anticipate that Warby Parker Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

WRBY has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Warby Parker from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Telsey Advisory Group restated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.29.

Insider Transactions at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 8,708 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the transaction, the chief financial officer now directly owns 191,104 shares in the company, valued at approximately $2,270,315.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Warby Parker news, CFO Steven Clive Miller sold 8,708 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total value of $103,451.04. Following the sale, the chief financial officer now owns 191,104 shares in the company, valued at approximately $2,270,315.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Abraham Gilboa sold 28,311 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $336,334.68. Following the completion of the sale, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at approximately $146,195.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,084 shares of company stock worth $1,074,979. Insiders own 26.91% of the company’s stock.

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.