Loomis Sayles & Co. L P Sells 50,606 Shares of Warby Parker Inc. (NYSE:WRBY)

Loomis Sayles & Co. L P cut its holdings in Warby Parker Inc. (NYSE:WRBY) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,732,023 shares of the company’s stock after selling 50,606 shares during the period. Loomis Sayles & Co. L P’s holdings in Warby Parker were worth $41,932,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in shares of Warby Parker during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its holdings in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after acquiring an additional 1,028 shares during the last quarter. KBC Group NV lifted its stake in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after purchasing an additional 1,339 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Warby Parker during the 4th quarter valued at about $201,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Warby Parker during the third quarter valued at about $213,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Stock Performance

Shares of NYSE WRBY opened at $19.04 on Friday. The business’s 50 day moving average price is $23.72 and its 200-day moving average price is $21.46. Warby Parker Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $28.68. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -70.51 and a beta of 1.91.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Roth Mkm assumed coverage on Warby Parker in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 target price on the stock. UBS Group increased their target price on Warby Parker from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Stifel Nicolaus upped their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Evercore ISI reissued an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Finally, Robert W. Baird boosted their target price on shares of Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Warby Parker currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the transaction, the chief executive officer now directly owns 23,961 shares in the company, valued at $563,562.72. This trade represents a 53.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 204,727 shares of the company’s stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 389,651 shares of company stock worth $9,855,092. 26.55% of the stock is currently owned by insiders.

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.