LVW Advisors LLC Decreases Position in Warby Parker Inc. (NYSE:WRBY)

LVW Advisors LLC reduced its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,336 shares of the company’s stock after selling 691 shares during the quarter. LVW Advisors LLC’s holdings in Warby Parker were worth $371,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in Warby Parker in the second quarter valued at approximately $186,000. Thrivent Financial for Lutherans acquired a new stake in Warby Parker during the 3rd quarter valued at $213,000. Y Intercept Hong Kong Ltd purchased a new stake in Warby Parker during the 3rd quarter worth $318,000. Los Angeles Capital Management LLC acquired a new position in Warby Parker in the 3rd quarter worth $372,000. Finally, Hsbc Holdings PLC boosted its position in Warby Parker by 11.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after buying an additional 2,651 shares during the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Stock Down 6.3 %

Shares of WRBY stock opened at $24.57 on Tuesday. The business has a 50 day moving average of $24.11 and a two-hundred day moving average of $18.63. The company has a market cap of $2.50 billion, a P/E ratio of -90.98 and a beta of 1.88. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $27.10.

Insider Activity at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $306,129.78. The trade was a 96.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steven Clive Miller sold 14,853 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $335,826.33. Following the transaction, the chief financial officer now owns 189,146 shares of the company’s stock, valued at approximately $4,276,591.06. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 558,032 shares of company stock worth $13,807,864 in the last 90 days. 26.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JMP Securities boosted their price target on 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 upped their target price on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their price target on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. BTIG Research upped their price target on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised 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. Five research analysts have rated the stock with a hold rating and eight have issued a 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 $20.92.

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.