Warby Parker Inc. (NYSE:WRBY) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in Warby Parker Inc. (NYSE:WRBY) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,236,856 shares of the company’s stock after selling 1,060,100 shares during the quarter. Marshall Wace LLP’s holdings in Warby Parker were worth $54,154,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WRBY. Global Retirement Partners LLC purchased a new position in Warby Parker in the 4th quarter worth approximately $25,000. NewEdge Advisors LLC lifted its position in shares of Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock worth $29,000 after purchasing an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Warby Parker by 205.6% in 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 during the period. KBC Group NV increased its stake in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after buying an additional 1,339 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Warby Parker in the 4th quarter worth $201,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JMP Securities lowered their target price on Warby Parker from $30.00 to $22.00 and set a “market outperform” rating for the company in a research note on Monday. Morgan Stanley raised their price objective on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group upped 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. Roth Mkm began coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price target for the company. Finally, Stifel Nicolaus cut their price target on shares of Warby Parker from $25.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Warby Parker Stock Down 0.1 %

Shares of WRBY stock opened at $14.25 on Friday. The company has a market cap of $1.48 billion, a P/E ratio of -52.78 and a beta of 2.00. The business has a 50 day moving average of $20.18 and a two-hundred day moving average of $21.54. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68.

Insider Activity at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the transaction, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,651 shares of company stock worth $2,313,092 in the last 90 days. 26.55% of the stock is currently owned by company insiders.

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.