D1 Capital Partners L.P. Sells 1,582,659 Shares of Warby Parker Inc. (NYSE:WRBY)

D1 Capital Partners L.P. lowered its position in Warby Parker Inc. (NYSE:WRBY) by 16.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,861,364 shares of the company’s stock after selling 1,582,659 shares during the period. Warby Parker comprises 2.5% of D1 Capital Partners L.P.’s holdings, making the stock its 13th largest position. D1 Capital Partners L.P. owned 7.73% of Warby Parker worth $128,376,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WRBY. Janney Montgomery Scott LLC increased its holdings in Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after purchasing an additional 1,556 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Warby Parker by 79.9% during the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after buying an additional 2,276 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Warby Parker by 11.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock worth $413,000 after buying an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Warby Parker by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock worth $717,000 after buying an additional 3,007 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Warby Parker by 16.0% in the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock valued at $376,000 after purchasing an additional 3,224 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WRBY shares. The Goldman Sachs Group upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Telsey Advisory Group raised their target price on shares of Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus raised their price objective on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.82.

Warby Parker Price Performance

Shares of NYSE:WRBY opened at $22.90 on Friday. The company’s 50 day simple moving average is $18.07 and its 200 day simple moving average is $16.44. Warby Parker Inc. has a 1 year low of $10.28 and a 1 year high of $24.60.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,143 shares of the business’s stock in a transaction 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 owns 12,177 shares of the company’s stock, valued at approximately $158,301. The trade was a 69.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock valued at $1,339,901 over the last three months. 26.55% of the stock is owned by 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.