Warby Parker Inc. (NYSE:WRBY) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its stake in Warby Parker Inc. (NYSE:WRBY) by 57.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,556 shares of the company’s stock after selling 113,605 shares during the period. Landscape Capital Management L.L.C. owned 0.08% of Warby Parker worth $1,999,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WRBY. Thrivent Financial for Lutherans acquired a new stake in shares of Warby Parker in the 3rd quarter worth about $213,000. Charles Schwab Investment Management Inc. boosted its position in Warby Parker by 13.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 729,049 shares of the company’s stock worth $11,905,000 after acquiring an additional 87,868 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Warby Parker by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,772 shares of the company’s stock worth $3,197,000 after purchasing an additional 7,182 shares in the last quarter. State Street Corp increased its holdings in shares of Warby Parker by 3.2% during the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after purchasing an additional 69,108 shares during the period. Finally, XTX Topco Ltd raised its stake in shares of Warby Parker by 71.8% during the third quarter. XTX Topco Ltd now owns 44,145 shares of the company’s stock valued at $721,000 after purchasing an additional 18,443 shares in the last quarter. 93.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of the sale, the chief financial officer now directly owns 204,727 shares of the company’s stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,651 shares of company stock valued at $2,313,092 in the last quarter. Company insiders own 26.55% of the company’s stock.

Warby Parker Price Performance

Shares of WRBY opened at $15.79 on Friday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -58.49 and a beta of 1.91. The business’s 50-day moving average is $22.80 and its 200-day moving average is $21.59. Warby Parker Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $28.68.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WRBY shares. Roth Capital raised shares of Warby Parker to a “strong-buy” rating in a research note on Monday, February 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $28.00 price target on shares of Warby Parker in a research report on Thursday, February 27th. Morgan Stanley upped their price objective on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Evercore ISI reaffirmed an “in-line” rating and set a $23.00 target price on shares of Warby Parker in a report on Friday, January 17th. Finally, Stifel Nicolaus upped their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

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.