39,520 Shares in Warby Parker Inc. $WRBY Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC purchased a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 39,520 shares of the company’s stock, valued at approximately $861,000.

Several other large investors have also made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Warby Parker by 300.3% during the 4th quarter. LPL Financial LLC now owns 126,481 shares of the company’s stock worth $2,756,000 after acquiring an additional 94,881 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Warby Parker by 32.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,679,067 shares of the company’s stock worth $210,907,000 after acquiring an additional 2,375,726 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Warby Parker by 81.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 40,428 shares of the company’s stock worth $881,000 after acquiring an additional 18,150 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Warby Parker during the 4th quarter worth approximately $235,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of Warby Parker during the 4th quarter worth approximately $389,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Buying and Selling at Warby Parker

In other news, Director Bradley E. Singer sold 20,167 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $28.51, for a total transaction of $574,961.17. Following the completion of the transaction, the director owned 104,833 shares of the company’s stock, valued at approximately $2,988,788.83. This trade represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Neil Harris Blumenthal sold 75,213 shares of Warby Parker stock in a transaction on Friday, April 17th. The stock was sold at an average price of $24.56, for a total transaction of $1,847,231.28. Following the transaction, the chief executive officer directly owned 50,165 shares of the company’s stock, valued at $1,232,052.40. This represents a 59.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 188,040 shares of company stock valued at $5,075,026 in the last ninety days. Insiders own 16.80% of the company’s stock.

Wall Street Analyst Weigh In

WRBY has been the topic of several analyst reports. Weiss Ratings upgraded shares of Warby Parker from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Citigroup reiterated a “market outperform” rating on shares of Warby Parker in a research report on Friday, May 22nd. Telsey Advisory Group increased their price target on shares of Warby Parker from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Piper Sandler reiterated an “overweight” rating on shares of Warby Parker in a research report on Tuesday, May 19th. Finally, BTIG Research increased their price objective on shares of Warby Parker from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

Warby Parker Stock Performance

WRBY stock opened at $25.03 on Thursday. The company has a fifty day moving average price of $24.11 and a 200-day moving average price of $24.23. The company has a market capitalization of $2.68 billion, a P/E ratio of 1,251.88 and a beta of 1.96. Warby Parker Inc. has a 52-week low of $14.96 and a 52-week high of $31.00.

Warby Parker (NYSE:WRBY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $242.45 million for the quarter, compared to the consensus estimate of $239.44 million. Warby Parker had a net margin of 0.15% and a return on equity of 2.30%. Warby Parker’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. As a group, sell-side analysts forecast that Warby Parker Inc. will post 0.19 earnings per share for the current fiscal year.

Warby Parker Profile

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.