Warby Parker Inc. $WRBY Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,305,680 shares of the company’s stock after selling 116,270 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Warby Parker were worth $50,241,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WRBY. Vanguard Group Inc. increased its position in shares of Warby Parker by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 10,665,529 shares of the company’s stock valued at $294,155,000 after acquiring an additional 327,830 shares during the period. JPMorgan Chase & Co. grew its stake in Warby Parker by 40.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,303,341 shares of the company’s stock valued at $201,426,000 after purchasing an additional 2,120,768 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Warby Parker by 10.1% in the third quarter. Marshall Wace LLP now owns 2,060,103 shares of the company’s stock valued at $56,818,000 after purchasing an additional 189,758 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Warby Parker by 96.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after purchasing an additional 929,073 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in shares of Warby Parker by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,687,029 shares of the company’s stock worth $36,997,000 after purchasing an additional 8,368 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Trading Down 0.1%

Shares of WRBY stock opened at $20.30 on Tuesday. Warby Parker Inc. has a twelve month low of $13.63 and a twelve month high of $31.00. The stock has a market cap of $2.17 billion, a P/E ratio of 1,015.61 and a beta of 2.05. The stock has a 50 day moving average of $24.36 and a 200 day moving average of $23.68.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 150,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $25.09, for a total transaction of $3,763,500.00. Following the sale, the chief executive officer owned 37,119 shares in the company, valued at approximately $931,315.71. This trade represents a 80.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley E. Singer sold 15,793 shares of Warby Parker stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $27.53, for a total transaction of $434,781.29. Following the completion of the transaction, the director directly owned 16,026 shares of the company’s stock, valued at $441,195.78. The trade was a 49.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 216,453 shares of company stock valued at $5,572,075. Insiders own 18.24% of the company’s stock.

Analysts Set New Price Targets

WRBY has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Warby Parker from $19.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, December 12th. Piper Sandler raised their price target on shares of Warby Parker from $22.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. BTIG Research upped their price objective on shares of Warby Parker from $25.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Citigroup increased their price objective on shares of Warby Parker from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $32.00 target price on shares of Warby Parker in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Warby Parker currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Warby Parker Company Profile

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.