Shaker Investments LLC OH Makes New $279,000 Investment in Warby Parker Inc. (NYSE:WRBY)

Shaker Investments LLC OH purchased a new stake in shares of Warby Parker Inc. (NYSE:WRBY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 11,526 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds have also recently modified their holdings of the company. KBC Group NV lifted its position in shares of Warby Parker by 39.3% during the fourth quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after acquiring an additional 1,339 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Warby Parker during the 2nd quarter valued at $186,000. Thrivent Financial for Lutherans purchased a new stake in Warby Parker during the 3rd quarter worth about $213,000. Choreo LLC boosted its stake in Warby Parker by 60.6% in the 4th quarter. Choreo LLC now owns 17,155 shares of the company’s stock worth $415,000 after purchasing an additional 6,472 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Warby Parker during the 3rd quarter valued at about $318,000. Institutional investors own 93.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WRBY shares. The Goldman Sachs Group increased their price target on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley raised their price target on shares of Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Citigroup restated a “sell” rating and set a $23.00 price target (up from $19.00) on shares of Warby Parker in a research report on Wednesday, February 5th. BTIG Research increased their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities boosted their target price on Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Warby Parker presently has an average rating of “Moderate Buy” and a consensus price target of $21.77.

Insiders Place Their Bets

In other news, CFO Steven Clive Miller sold 14,853 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $335,826.33. Following the completion of the sale, the chief financial officer now owns 189,146 shares of the company’s stock, valued at approximately $4,276,591.06. The trade was a 7.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $817,645.43. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $275,321.97. This represents a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 608,032 shares of company stock valued at $15,188,364 over the last quarter. 26.55% of the stock is owned by corporate insiders.

Warby Parker Trading Up 1.0 %

Shares of Warby Parker stock opened at $26.64 on Tuesday. Warby Parker Inc. has a 12 month low of $11.35 and a 12 month high of $28.68. The business’s 50-day moving average price is $25.30 and its 200-day moving average price is $19.74.

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.