Quantbot Technologies LP Takes $694,000 Position in Warby Parker Inc. (NYSE:WRBY)

Quantbot Technologies LP purchased a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 28,675 shares of the company’s stock, valued at approximately $694,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in shares of Warby Parker during the fourth quarter worth about $25,000. Jones Financial Companies Lllp raised its holdings in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after buying an additional 1,028 shares during the period. KBC Group NV lifted its position in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after acquiring an additional 1,339 shares in the last quarter. Cibc World Markets Corp purchased a new position in Warby Parker in the 4th quarter worth approximately $201,000. Finally, Thrivent Financial for Lutherans purchased a new position in Warby Parker in the 3rd quarter worth approximately $213,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Price Performance

Warby Parker stock opened at $19.04 on Friday. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68. The company has a fifty day moving average price of $23.72 and a two-hundred day moving average price of $21.46. The company has a market cap of $1.97 billion, a PE ratio of -70.51 and a beta of 1.91.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 27,967 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now owns 23,961 shares of the company’s stock, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 of the company’s stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 389,651 shares of company stock valued at $9,855,092. Company insiders own 26.55% of the company’s stock.

Analysts Set New Price Targets

WRBY has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Evercore ISI reiterated an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a report on Friday, January 17th. The Goldman Sachs Group raised their target price on Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm started coverage on Warby Parker in a research note on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price objective for the company. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.43.

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.