Warby Parker Inc. (NYSE:WRBY) Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 92.4% during the 4th quarter, Holdings Channel reports. The fund owned 172,411 shares of the company’s stock after purchasing an additional 82,791 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Warby Parker were worth $4,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in Warby Parker by 2.6% during the 4th quarter. Arizona State Retirement System now owns 24,881 shares of the company’s stock valued at $602,000 after acquiring an additional 619 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Warby Parker during the 4th quarter valued at $25,000. Jones Financial Companies Lllp raised its stake in Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after acquiring an additional 1,028 shares in the last quarter. KBC Group NV raised its stake in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock valued at $115,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after buying an additional 1,556 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Insider Activity

In other news, CEO Neil Harris Blumenthal sold 56,054 shares of Warby Parker stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.09, for a total transaction of $1,406,394.86. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $305,520.93. The trade was a 82.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction on 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 owns 204,727 shares in the company, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 539,651 shares of company stock worth $13,617,652. 26.55% of the stock is owned by corporate insiders.

Warby Parker Stock Up 1.1 %

Shares of Warby Parker stock opened at $20.49 on Monday. The stock’s fifty day moving average is $24.92 and its 200-day moving average is $21.23. The firm has a market capitalization of $2.12 billion, a PE ratio of -75.90 and a beta of 1.91. Warby Parker Inc. has a 12-month low of $11.46 and a 12-month high of $28.68.

Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of research reports. UBS Group boosted their price objective on Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Roth Mkm initiated coverage on Warby Parker in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 price objective on the stock. Evercore ISI reissued an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $28.00 price objective on shares of Warby Parker in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group boosted their price objective on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Warby Parker presently has an average rating of “Moderate Buy” and an average target price of $23.43.

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.