AIA Group Ltd Buys 20,858 Shares of Warby Parker Inc. (NYSE:WRBY)

AIA Group Ltd lifted its stake in Warby Parker Inc. (NYSE:WRBYFree Report) by 23.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,022 shares of the company’s stock after purchasing an additional 20,858 shares during the period. AIA Group Ltd’s holdings in Warby Parker were worth $1,448,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Durable Capital Partners LP lifted its holdings in shares of Warby Parker by 42.3% during the first quarter. Durable Capital Partners LP now owns 14,808,493 shares of the company’s stock valued at $500,675,000 after purchasing an additional 4,405,581 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Warby Parker by 12.8% during the third quarter. Vanguard Group Inc. now owns 7,169,751 shares of the company’s stock valued at $95,646,000 after acquiring an additional 813,826 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Warby Parker by 6.5% in the 2nd quarter. Baillie Gifford & Co. now owns 6,077,468 shares of the company’s stock worth $71,046,000 after purchasing an additional 372,615 shares during the last quarter. BlackRock Inc. boosted its stake in Warby Parker by 9.5% in the 2nd quarter. BlackRock Inc. now owns 5,782,370 shares of the company’s stock worth $67,596,000 after purchasing an additional 499,725 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Warby Parker by 17.7% during the 1st quarter. Capital Research Global Investors now owns 5,372,629 shares of the company’s stock valued at $181,649,000 after purchasing an additional 809,360 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WRBY shares. UBS Group assumed coverage on shares of Warby Parker in a research note on Monday, September 25th. They issued a “neutral” rating and a $13.00 target price on the stock. Morgan Stanley lowered their price target on Warby Parker from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. BTIG Research raised Warby Parker from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, October 12th. Finally, Evercore ISI raised shares of Warby Parker from an “in-line” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warby Parker currently has an average rating of “Hold” and an average price target of $16.25.

View Our Latest Report on Warby Parker

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 10,875 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $12.22, for a total transaction of $132,892.50. Following the completion of the transaction, the chief financial officer now owns 166,879 shares in the company, valued at $2,039,261.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven Clive Miller sold 10,875 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $12.22, for a total value of $132,892.50. Following the completion of the sale, the chief financial officer now owns 166,879 shares in the company, valued at approximately $2,039,261.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 56,038 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $10.56, for a total transaction of $591,761.28. Following the transaction, the chief executive officer now owns 106 shares in the company, valued at $1,119.36. The disclosure for this sale can be found here. Insiders sold 96,223 shares of company stock worth $1,052,700 in the last quarter. 26.91% of the stock is owned by corporate insiders.

Warby Parker Stock Performance

NYSE WRBY opened at $12.98 on Thursday. Warby Parker Inc. has a 12 month low of $9.50 and a 12 month high of $17.88. The company’s 50 day moving average is $12.20 and its two-hundred day moving average is $12.82.

Warby Parker (NYSE:WRBYGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). The business had revenue of $169.85 million during the quarter, compared to analyst estimates of $163.82 million. Warby Parker had a negative net margin of 9.84% and a negative return on equity of 17.09%. Equities research analysts forecast that Warby Parker Inc. will post -0.47 earnings per share for the current fiscal year.

Warby Parker Profile

(Free Report)

Warby Parker Inc provides eyewear products. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering 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.

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Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

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