Loomis Sayles & Co. L P Acquires 300,891 Shares of Warby Parker Inc. (NYSE:WRBY)

Loomis Sayles & Co. L P boosted its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 20.3% in the third quarter, HoldingsChannel reports. The firm owned 1,782,629 shares of the company’s stock after purchasing an additional 300,891 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Warby Parker were worth $29,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after purchasing an additional 2,276 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Warby Parker in the 2nd quarter valued at $131,000. Choreo LLC bought a new position in Warby Parker during the 2nd quarter worth $167,000. AQR Capital Management LLC acquired a new stake in shares of Warby Parker during the second quarter worth $186,000. Finally, LVW Advisors LLC bought a new stake in shares of Warby Parker in the second quarter valued at about $201,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Trading Up 4.0 %

Shares of WRBY opened at $24.04 on Tuesday. Warby Parker Inc. has a 52 week low of $10.28 and a 52 week high of $24.52. The stock has a fifty day moving average of $17.72 and a 200-day moving average of $16.33.

Wall Street Analyst Weigh In

WRBY has been the topic of a number of recent research reports. BTIG Research raised their price target on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.00 to $18.00 in a report on Monday, October 21st. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Friday, August 23rd. William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 7th. Finally, Telsey Advisory Group lifted their price objective on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.82.

Insiders Place Their Bets

In related news, CEO Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $352,859.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $158,301. This trade represents a 69.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Clive Miller sold 6,763 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the transaction, the chief financial officer now owns 177,488 shares of the company’s stock, valued at approximately $2,467,083.20. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,178 shares of company stock valued at $1,339,901 in the last 90 days. Corporate insiders own 26.55% of the company’s stock.

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.