Natixis Advisors LLC Boosts Stock Position in Warby Parker Inc. (NYSE:WRBY)

Natixis Advisors LLC boosted its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 486,212 shares of the company’s stock after acquiring an additional 19,799 shares during the period. Natixis Advisors LLC’s holdings in Warby Parker were worth $11,771,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WRBY. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Warby Parker by 3.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company’s stock valued at $64,047,000 after purchasing an additional 89,835 shares during the last quarter. State Street Corp lifted its position in Warby Parker by 3.2% in the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after buying an additional 69,108 shares during the last quarter. Geode Capital Management LLC boosted its stake in Warby Parker by 7.9% during the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock worth $32,187,000 after buying an additional 144,623 shares during the period. Jennison Associates LLC increased its position in Warby Parker by 13.6% during the third quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock valued at $31,666,000 after acquiring an additional 232,530 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Warby Parker by 20.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock valued at $29,111,000 after acquiring an additional 300,891 shares during the period. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WRBY has been the subject of a number of recent analyst reports. JMP Securities lifted their price target on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Telsey Advisory Group restated an “outperform” rating and set a $28.00 target price on shares of Warby Parker in a research report on Thursday, February 27th. UBS Group increased their price target on Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Roth Mkm initiated coverage on Warby Parker in a report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Warby Parker has an average rating of “Moderate Buy” and a consensus target price of $23.43.

Warby Parker Price Performance

Shares of Warby Parker stock opened at $19.04 on Thursday. Warby Parker Inc. has a 1 year low of $11.66 and a 1 year high of $28.68. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -70.50 and a beta of 1.91. The firm’s 50-day moving average is $24.47 and its two-hundred day moving average is $21.27.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the transaction, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 300,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 483,597 shares of company stock worth $12,211,257. Corporate insiders own 26.55% of the company’s stock.

About Warby Parker

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.