Warby Parker Inc. $WRBY Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its holdings in Warby Parker Inc. (NYSE:WRBY) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,646 shares of the company’s stock after selling 1,697 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Warby Parker were worth $2,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Durable Capital Partners LP boosted its holdings in Warby Parker by 13.2% in the first quarter. Durable Capital Partners LP now owns 10,212,383 shares of the company’s stock worth $186,172,000 after purchasing an additional 1,194,558 shares during the period. American Century Companies Inc. boosted its holdings in Warby Parker by 14.6% in the first quarter. American Century Companies Inc. now owns 2,456,965 shares of the company’s stock worth $44,790,000 after purchasing an additional 312,543 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Warby Parker by 105.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,216,320 shares of the company’s stock worth $48,604,000 after purchasing an additional 1,137,970 shares during the period. Jennison Associates LLC boosted its holdings in Warby Parker by 23.7% in the first quarter. Jennison Associates LLC now owns 2,174,158 shares of the company’s stock worth $39,635,000 after purchasing an additional 416,797 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Warby Parker by 96.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after purchasing an additional 929,073 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Activity at Warby Parker

In related news, Director Teresa Briggs sold 6,000 shares of Warby Parker stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $23.56, for a total transaction of $141,360.00. Following the sale, the director directly owned 44,879 shares in the company, valued at $1,057,349.24. The trade was a 11.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 8,416 shares of Warby Parker stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.52, for a total transaction of $231,608.32. Following the sale, the chief executive officer owned 32,733 shares in the company, valued at approximately $900,812.16. This represents a 20.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 191,000 shares of company stock worth $4,919,941 over the last ninety days. 18.24% of the stock is currently owned by corporate insiders.

Warby Parker Stock Down 3.1%

Shares of NYSE WRBY opened at $25.41 on Tuesday. Warby Parker Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $29.73. The firm’s 50-day simple moving average is $26.20 and its 200 day simple moving average is $21.81. The stock has a market cap of $2.67 billion, a P/E ratio of -362.95 and a beta of 2.10.

Wall Street Analyst Weigh In

A number of research firms have commented on WRBY. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Warby Parker in a report on Thursday, August 7th. UBS Group reiterated a “neutral” rating and issued a $23.00 target price (up from $20.00) on shares of Warby Parker in a research note on Friday, August 8th. JMP Securities reiterated a “market perform” rating on shares of Warby Parker in a research note on Thursday, July 10th. BTIG Research reiterated a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of Warby Parker in a research note on Thursday, August 7th. Finally, Citizens Jmp cut Warby Parker from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Warby Parker presently has an average rating of “Hold” and an average target price of $24.75.

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.