Swiss National Bank Raises Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Swiss National Bank raised its holdings in Warby Parker Inc. (NYSE:WRBY) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 168,300 shares of the company’s stock after buying an additional 3,800 shares during the quarter. Swiss National Bank’s holdings in Warby Parker were worth $4,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Warby Parker in the 4th quarter valued at $25,000. Jones Financial Companies Lllp lifted its holdings in 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 purchasing an additional 1,028 shares in the last quarter. KBC Group NV grew its position in shares of Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company’s stock valued at $115,000 after purchasing an additional 1,339 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Warby Parker during the 3rd quarter worth about $213,000. Finally, BBR Partners LLC purchased a new position in Warby Parker in the 4th quarter valued at about $239,000. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on WRBY. UBS Group boosted their price objective on Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Citigroup reiterated an “outperform” rating on shares of Warby Parker in a research report on Friday, February 28th. Robert W. Baird increased their price objective on shares of Warby Parker from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, February 28th. The Goldman Sachs Group boosted 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. Finally, Stifel Nicolaus upped their price target on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

Insider Activity at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Neil Harris Blumenthal sold 300,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 389,651 shares of company stock worth $9,855,092. Company insiders own 26.55% of the company’s stock.

Warby Parker Stock Down 0.5 %

Shares of Warby Parker stock opened at $20.12 on Wednesday. The firm has a market cap of $2.08 billion, a PE ratio of -74.52 and a beta of 1.91. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68. The business’s fifty day simple moving average is $24.00 and its 200-day simple moving average is $21.49.

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.