Northwest & Ethical Investments L.P. Sells 2,896 Shares of Warby Parker Inc. (NYSE:WRBY)

Northwest & Ethical Investments L.P. lessened its position in Warby Parker Inc. (NYSE:WRBY) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,223 shares of the company’s stock after selling 2,896 shares during the quarter. Northwest & Ethical Investments L.P. owned about 0.16% of Warby Parker worth $3,831,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Warby Parker in the 4th quarter worth $25,000. Jones Financial Companies Lllp raised its holdings in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after acquiring an additional 1,028 shares during the period. KBC Group NV raised its holdings in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after acquiring an additional 1,339 shares during the period. Cibc World Markets Corp bought a new position in Warby Parker in the 4th quarter worth $201,000. Finally, BBR Partners LLC bought a new position in Warby Parker in the 4th quarter worth $239,000. Institutional investors own 93.24% of the company’s stock.

Insider Buying and Selling at Warby Parker

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 transaction, the chief financial officer now directly owns 204,727 shares in the company, valued at $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 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 transaction of $657,783.84. Following the completion of the transaction, the chief executive officer now owns 23,961 shares in the company, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 389,651 shares of company stock worth $9,855,092 over the last ninety days. Corporate insiders own 26.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WRBY. The Goldman Sachs Group lifted their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird boosted their price objective on shares of Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Stifel Nicolaus boosted their price objective on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. JMP Securities boosted their price objective on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Finally, Morgan Stanley boosted their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.43.

Warby Parker Stock Performance

Shares of Warby Parker stock opened at $18.94 on Friday. The firm’s 50-day simple moving average is $24.32 and its 200-day simple moving average is $21.26. Warby Parker Inc. has a twelve month low of $11.66 and a twelve month high of $28.68. The firm has a market cap of $1.96 billion, a P/E ratio of -70.13 and a beta of 1.91.

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.