Vaughan Nelson Investment Management L.P. Purchases 89,835 Shares of Warby Parker Inc. (NYSE:WRBY)

Vaughan Nelson Investment Management L.P. raised its position in shares of Warby Parker Inc. (NYSE:WRBY) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 2,645,540 shares of the company’s stock after acquiring an additional 89,835 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Warby Parker were worth $64,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV boosted its position in shares of Warby Parker by 39.3% during the fourth quarter. KBC Group NV now owns 4,743 shares of the company’s stock valued at $115,000 after buying an additional 1,339 shares during the last quarter. AQR Capital Management LLC bought a new position in Warby Parker during the 2nd quarter valued at about $186,000. Thrivent Financial for Lutherans purchased a new stake in shares of Warby Parker during the 3rd quarter valued at about $213,000. LVW Advisors LLC grew its stake in shares of Warby Parker by 27.9% in the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after acquiring an additional 3,500 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Warby Parker during the third quarter valued at approximately $318,000. 93.24% of the stock is currently owned by institutional investors.

Warby Parker Trading Up 0.4 %

WRBY opened at $26.37 on Friday. The company has a 50 day simple moving average of $25.21 and a two-hundred day simple moving average of $19.64. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $28.68.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BTIG Research raised their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup restated a “sell” rating and issued a $23.00 price target (up from $19.00) on shares of Warby Parker in a research note on Wednesday. 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 research report on Tuesday, January 21st. Piper Sandler increased their target price on Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus boosted their price target on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.77.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $336,206.97. The trade was a 80.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 14,853 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $335,826.33. Following the completion of the transaction, the chief financial officer now owns 189,146 shares of the company’s stock, valued at $4,276,591.06. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 608,032 shares of company stock worth $15,188,364. 26.55% of the stock is owned by corporate insiders.

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.