State Street Corp Purchases 69,108 Shares of Warby Parker Inc. (NYSE:WRBY)

State Street Corp lifted its position in shares of Warby Parker Inc. (NYSE:WRBY) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,209,025 shares of the company’s stock after acquiring an additional 69,108 shares during the period. State Street Corp’s holdings in Warby Parker were worth $36,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after purchasing an additional 1,556 shares during the last quarter. Hsbc Holdings PLC increased its stake 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 buying an additional 2,651 shares during the period. The Manufacturers Life Insurance Company boosted its position in Warby Parker by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock worth $717,000 after buying an additional 3,007 shares during the period. Arizona State Retirement System grew 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 acquiring an additional 3,224 shares during the last quarter. Finally, LVW Advisors LLC raised its stake in shares of Warby Parker by 27.9% during the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock valued at $262,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WRBY shares. JMP Securities boosted their price target on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. The Goldman Sachs Group lifted their target price on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price target on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird lifted their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.73.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 56,054 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.09, for a total transaction of $1,406,394.86. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $305,520.93. The trade was a 82.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 14,853 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the transaction, the chief financial officer now directly owns 189,146 shares in the company, valued at $4,276,591.06. This trade represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,086 shares of company stock worth $3,909,698. Insiders own 26.55% of the company’s stock.

Warby Parker Trading Up 3.8 %

NYSE:WRBY opened at $25.18 on Friday. The company’s 50 day moving average is $20.61 and its two-hundred day moving average is $17.20. The company has a market cap of $2.56 billion, a PE ratio of -93.26 and a beta of 1.93. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $25.35.

Warby Parker 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.