Blueshift Asset Management LLC Makes New $1.22 Million Investment in Warby Parker Inc. (NYSE:WRBY)

Blueshift Asset Management LLC acquired a new position in Warby Parker Inc. (NYSE:WRBY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 74,895 shares of the company’s stock, valued at approximately $1,223,000. Blueshift Asset Management LLC owned 0.07% of Warby Parker as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in Warby Parker by 79.9% in the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after purchasing an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Warby Parker in the second quarter worth $131,000. Choreo LLC bought a new stake in Warby Parker in the 2nd quarter valued at $167,000. AQR Capital Management LLC purchased a new stake in Warby Parker in the 2nd quarter worth $186,000. Finally, LVW Advisors LLC purchased a new stake in Warby Parker in the 2nd quarter worth $201,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Price Performance

Shares of NYSE:WRBY opened at $24.15 on Wednesday. The business’s 50 day moving average is $17.72 and its 200 day moving average is $16.33. Warby Parker Inc. has a 52-week low of $10.28 and a 52-week high of $24.52.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 15,272 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $198,536.00. Following the completion of the transaction, the chief financial officer now directly owns 184,251 shares in the company, valued at approximately $2,395,263. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $352,859.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $158,301. The trade was a 69.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,178 shares of company stock worth $1,339,901. Company insiders own 26.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WRBY shares. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. Telsey Advisory Group lifted their price objective on Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upgraded Warby Parker from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. Robert W. Baird boosted their price target on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, BTIG Research lifted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.82.

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.