Natixis Advisors LLC Purchases 19,799 Shares of Warby Parker Inc. (NYSE:WRBY)

Natixis Advisors LLC grew its position in Warby Parker Inc. (NYSE:WRBY) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 486,212 shares of the company’s stock after buying an additional 19,799 shares during the period. Natixis Advisors LLC owned approximately 0.48% of Warby Parker worth $11,771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Warby Parker during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 1,028 shares during the last quarter. KBC Group NV increased its holdings in shares of 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. BBR Partners LLC purchased a new position in shares of Warby Parker in the fourth quarter worth $239,000. Finally, Atria Investments Inc bought a new position in shares of Warby Parker during the fourth quarter valued at $241,000. Institutional investors own 93.24% of the company’s stock.

Insider Buying and Selling

In related news, CFO Steven Clive Miller sold 11,684 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of the transaction, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,597 shares of company stock worth $12,211,257. 26.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WRBY. Evercore ISI reissued an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research report on Friday, January 17th. Roth Mkm initiated coverage on shares of Warby Parker in a report on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 target price on the stock. Stifel Nicolaus lifted their price objective on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Morgan Stanley raised their target price on Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $28.00 price target on shares of Warby Parker in a research report on Thursday, February 27th. 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 company’s stock. Based on data from MarketBeat.com, Warby Parker currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

Warby Parker Stock Performance

Shares of WRBY stock opened at $19.04 on Thursday. The stock has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $21.27. The firm has a market capitalization of $1.97 billion, a PE ratio of -70.50 and a beta of 1.91. Warby Parker Inc. has a 52-week low of $11.66 and a 52-week high of $28.68.

Warby Parker Company 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.