Connor Clark & Lunn Investment Management Ltd. Purchases 59,121 Shares of Warby Parker Inc. (NYSE:WRBY)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Warby Parker Inc. (NYSE:WRBY) by 193.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,620 shares of the company’s stock after buying an additional 59,121 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Warby Parker worth $1,463,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after acquiring an additional 1,556 shares during the period. Advisors Asset Management Inc. grew its holdings in Warby Parker by 79.9% during the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after acquiring an additional 2,276 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after purchasing an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Warby Parker by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after buying an additional 3,007 shares during the period. Finally, Arizona State Retirement System raised its holdings in Warby Parker by 16.0% during the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock worth $376,000 after purchasing an additional 3,224 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Price Performance

Warby Parker stock opened at $24.15 on Wednesday. The stock’s fifty day moving average price is $17.72 and its two-hundred day moving average price is $16.33. The firm has a market cap of $2.46 billion, a PE ratio of -89.96 and a beta of 1.80. Warby Parker Inc. has a one year low of $10.28 and a one year high of $24.52.

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the sale, the chief financial officer now owns 177,488 shares of the company’s stock, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $158,301. This trade represents a 69.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,178 shares of company stock worth $1,339,901. Company insiders own 26.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WRBY. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $18.00 in a research report on Monday, October 21st. The Goldman Sachs Group upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $18.00 in a report on Monday, October 21st. Piper Sandler upped their price objective on Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised their price objective on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.82.

Warby Parker Company Profile

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.