Landscape Capital Management L.L.C. Sells 113,605 Shares of Warby Parker Inc. (NYSE:WRBY)

Landscape Capital Management L.L.C. trimmed its holdings in Warby Parker Inc. (NYSE:WRBY) by 57.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,556 shares of the company’s stock after selling 113,605 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Warby Parker were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its position in Warby Parker by 64.7% during the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock worth $51,916,000 after buying an additional 842,558 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Warby Parker in the 4th quarter valued at $14,596,000. Raymond James Financial Inc. bought a new position in shares of Warby Parker during the 4th quarter worth about $8,272,000. First Eagle Investment Management LLC boosted its position in shares of Warby Parker by 792.7% during the 4th quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company’s stock valued at $7,560,000 after acquiring an additional 277,278 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Warby Parker by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company’s stock valued at $39,519,000 after purchasing an additional 268,025 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $336,206.97. This trade represents a 80.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 204,727 shares in the company, valued at $4,815,179.04. The trade was a 5.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,651 shares of company stock valued at $2,313,092. 26.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm started coverage on Warby Parker in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 price target on the stock. Morgan Stanley boosted their price target on shares of Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Roth Capital raised shares of Warby Parker to a “strong-buy” rating in a report on Monday, February 24th. Citigroup reissued an “outperform” rating on shares of Warby Parker in a report on Friday, February 28th. Finally, UBS Group increased their target price on Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.43.

Warby Parker Stock Down 2.0 %

WRBY opened at $15.79 on Friday. The company has a fifty day simple moving average of $22.80 and a 200 day simple moving average of $21.59. The stock has a market cap of $1.64 billion, a P/E ratio of -58.49 and a beta of 1.91. Warby Parker Inc. has a 12 month low of $11.66 and a 12 month high of $28.68.

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.