Healthcare of Ontario Pension Plan Trust Fund Takes Position in Warby Parker Inc. (NYSE:WRBY)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 178,700 shares of the company’s stock, valued at approximately $2,918,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.18% of Warby Parker at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in shares of Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after purchasing an additional 1,556 shares during the period. Advisors Asset Management Inc. grew its stake in Warby Parker by 79.9% during the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after buying an additional 2,276 shares during the last quarter. Hsbc Holdings PLC increased its position in Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock worth $413,000 after buying an additional 2,651 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after buying an additional 3,007 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Warby Parker by 16.0% during the second quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock valued at $376,000 after acquiring an additional 3,224 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Warby Parker Trading Down 1.6 %

Shares of NYSE WRBY opened at $22.54 on Friday. Warby Parker Inc. has a twelve month low of $10.28 and a twelve month high of $24.60. The firm has a 50-day moving average of $18.40 and a two-hundred day moving average of $16.53. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -83.48 and a beta of 1.80.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several recent research reports. Piper Sandler lifted their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. BTIG Research boosted their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Stifel Nicolaus lifted their target price on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Telsey Advisory Group increased their price target on Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.82.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 27,143 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares in the company, valued at $158,301. This trade represents a 69.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 6,763 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the sale, the chief financial officer now directly owns 177,488 shares of the company’s stock, valued at $2,467,083.20. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,178 shares of company stock valued at $1,339,901 over the last ninety days. Insiders own 26.55% of the company’s stock.

Warby Parker 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.