Anthracite Investment Company Inc. Makes New $1.21 Million Investment in Warby Parker Inc. (NYSE:WRBY)

Anthracite Investment Company Inc. bought a new stake in Warby Parker Inc. (NYSE:WRBY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $1,210,000.

Other large investors have also modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Warby Parker in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its stake in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after purchasing an additional 1,028 shares during the last quarter. KBC Group NV boosted its holdings in Warby Parker by 39.3% in the fourth quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after purchasing an additional 1,339 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Warby Parker during the fourth quarter worth $201,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of Warby Parker in the 3rd quarter worth about $213,000. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WRBY shares. UBS Group increased their price objective on shares of Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating and set a $28.00 price objective on shares of Warby Parker in a research report on Thursday, February 27th. Roth Capital upgraded Warby Parker to a “strong-buy” rating in a research note on Monday, February 24th. JMP Securities upped their price target on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Warby Parker currently has a consensus rating of “Moderate Buy” and an average target price of $23.43.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares in the company, valued at $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $336,206.97. This represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 389,651 shares of company stock worth $9,855,092 over the last 90 days. 26.55% of the stock is owned by company insiders.

Warby Parker Stock Performance

Warby Parker stock opened at $20.12 on Wednesday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -74.52 and a beta of 1.91. Warby Parker Inc. has a 1 year low of $11.66 and a 1 year high of $28.68. The firm’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $21.49.

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.