Warby Parker Inc. (NYSE:WRBY) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC lowered its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,288 shares of the company’s stock after selling 2,236 shares during the quarter. FourThought Financial Partners LLC’s holdings in Warby Parker were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Warby Parker in the fourth quarter valued at $25,000. KBC Group NV increased its stake 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 purchasing an additional 1,339 shares in the last quarter. Shaker Investments LLC OH purchased a new position in Warby Parker in the 4th quarter worth about $279,000. Thrivent Financial for Lutherans purchased a new position in Warby Parker in the 3rd quarter worth about $213,000. Finally, Choreo LLC boosted its position in Warby Parker by 60.6% during the 4th quarter. Choreo LLC now owns 17,155 shares of the company’s stock worth $415,000 after acquiring an additional 6,472 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 other Warby Parker news, CEO Neil Harris Blumenthal sold 36,163 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $275,321.97. This represents a 74.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Clive Miller sold 7,016 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the completion of the transaction, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. The trade was a 3.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 608,032 shares of company stock valued at $15,188,364 in the last three months. Corporate insiders own 26.55% of the company’s stock.

Warby Parker Price Performance

WRBY opened at $22.73 on Wednesday. The business has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $20.50. The company has a market capitalization of $2.31 billion, a PE ratio of -84.19 and a beta of 1.90. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $28.68.

Wall Street Analyst Weigh In

A number of brokerages have commented on WRBY. Robert W. Baird raised their price objective on Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup reiterated a “sell” rating and set a $23.00 price target (up from $19.00) on shares of Warby Parker in a report on Wednesday, February 5th. The Goldman Sachs Group lifted their price target on Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Evercore ISI reiterated an “in-line” rating and set a $23.00 price target on shares of Warby Parker in a report on Friday, January 17th. Finally, William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Warby Parker presently has an average rating of “Hold” and a consensus target price of $22.21.

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.