Landscape Capital Management L.L.C. Has $6.35 Million Position in Warby Parker Inc. $WRBY

Landscape Capital Management L.L.C. lifted its holdings in Warby Parker Inc. (NYSE:WRBY) by 482.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,156 shares of the company’s stock after buying an additional 190,644 shares during the period. Landscape Capital Management L.L.C. owned about 0.22% of Warby Parker worth $6,348,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Warby Parker by 101.0% in the 1st quarter. AQR Capital Management LLC now owns 171,271 shares of the company’s stock worth $3,122,000 after acquiring an additional 86,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Warby Parker by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,690 shares of the company’s stock valued at $961,000 after acquiring an additional 2,297 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Warby Parker by 96.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock valued at $34,433,000 after acquiring an additional 929,073 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Warby Parker in the 1st quarter valued at about $252,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Warby Parker by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,020 shares of the company’s stock worth $4,685,000 after purchasing an additional 38,395 shares in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Price Performance

WRBY traded up $0.20 during midday trading on Friday, hitting $23.71. 193,358 shares of the company’s stock traded hands, compared to its average volume of 3,415,728. The company has a market cap of $2.53 billion, a PE ratio of 1,191.50 and a beta of 2.05. The stock’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $24.00. Warby Parker Inc. has a one year low of $13.63 and a one year high of $31.00.

Insider Transactions at Warby Parker

In other news, Director Bradley E. Singer sold 15,793 shares of the firm’s 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 transaction, the director owned 16,026 shares in the company, valued at approximately $441,195.78. This trade represents a 49.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 150,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $25.09, for a total transaction of $3,763,500.00. Following the completion of the sale, the chief executive officer owned 37,119 shares of the company’s stock, valued at $931,315.71. This represents a 80.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 236,385 shares of company stock worth $6,090,506 in the last 90 days. 18.24% of the stock is owned by insiders.

Analysts Set New Price Targets

WRBY has been the subject of several research reports. Telsey Advisory Group restated an “outperform” rating and set a $32.00 price target on shares of Warby Parker in a report on Friday, February 20th. Weiss Ratings downgraded shares of Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 2nd. BTIG Research lifted their target price on shares of Warby Parker from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Citigroup upgraded shares of Warby Parker from a “hold” rating to an “outperform” rating in a report on Wednesday, December 10th. Finally, Robert W. Baird set a $35.00 price objective on Warby Parker in a report on Wednesday, December 17th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Warby Parker 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.