Y Intercept Hong Kong Ltd Purchases Shares of 19,488 Warby Parker Inc. (NYSE:WRBY)

Y Intercept Hong Kong Ltd acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,488 shares of the company’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. grew its position in Warby Parker by 3.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock worth $41,735,000 after buying an additional 78,295 shares in the last quarter. State Street Corp lifted its position in shares of Warby Parker by 3.2% in the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after acquiring an additional 69,108 shares during the period. Jennison Associates LLC grew its holdings in shares of Warby Parker by 13.6% during the 3rd quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock worth $31,666,000 after purchasing an additional 232,530 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of Warby Parker by 12.8% during the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after purchasing an additional 211,050 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in shares of Warby Parker by 20.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock valued at $29,111,000 after purchasing an additional 300,891 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WRBY. Telsey Advisory Group lifted their price target on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Stifel Nicolaus lifted their target price on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. JMP Securities upped their target price on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their price target for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.73.

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 14,853 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33. Following the transaction, the chief financial officer now owns 189,146 shares of the company’s stock, valued at approximately $4,276,591.06. This represents a 7.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $817,645.43. Following the completion of the transaction, the chief executive officer now owns 12,177 shares in the company, valued at $275,321.97. The trade was a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,032 shares of company stock worth $2,503,303 in the last 90 days. Corporate insiders own 26.55% of the company’s stock.

Warby Parker Stock Performance

Warby Parker stock opened at $24.29 on Wednesday. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $24.71. The firm has a market cap of $2.47 billion, a P/E ratio of -89.96 and a beta of 1.93. The business’s fifty day moving average is $20.11 and its two-hundred day moving average is $17.05.

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.