Warby Parker Inc. (WRBY)

Panagora Asset Management Inc. Buys 847 Shares of Warby Parker Inc. (NYSE:WRBY)

Panagora Asset Management Inc. lifted its stake in Warby Parker Inc. (NYSE:WRBY – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 198,671 shares of the company’s stock after purchasing an additional 847 shares during the quarter. Panagora Asset Management Inc. owned about 0.20% of Warby Parker worth $2,801,000 at the end of the most recent reporting period. Several other large investors have also recently modified their holdings of the stock. FMR LLC increased its position in Warby Parker by 0.5% during the third quarter. FMR LLC now owns 9,277,969 shares of the company’s stock valued at $122,098,000 after acquiring an additional 43,601 shares during the last quarter. Vanguard Group Inc. grew its holdings in Warby Parker by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock valued at $103,314,000 after purchasing an additional 219,160 shares during the last quarter. Baillie Gifford & Co. raised its position in Warby Parker by 6.3% in the 4th quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company’s stock worth $90,669,000 after purchasing an additional 378,781 shares during the period. Scopia Capital Management LP lifted its stake in Warby Parker by 781.3% in the third quarter. Scopia Capital Management LP now owns 1,590,744 shares of the company’s stock worth $20,934,000 after purchasing an additional 1,410,243 shares during the last quarter. Finally, Rock Springs Capital Management LP boosted its position in shares of Warby Parker by 18.9% during the third quarter. Rock Springs Capital Management LP now owns 1,575,000 shares of the company’s stock valued at $20,727,000 after buying an additional 250,000 shares during the period. Institutional investors own 93.24% of the company’s stock. Insider Activity In related news, CEO David Abraham Gilboa sold 28,311 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total transaction of $336,334.68. Following the sale, the chief executive officer now owns 12,306 shares of the company’s stock, valued at $146,195.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Warby Parker news, CEO David Abraham Gilboa sold 28,311 shares of Warby Parker stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $336,334.68. Following the transaction, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at $146,195.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Clive Miller sold 8,708 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total value of $103,451.04. Following the transaction, the chief financial officer now directly owns 191,104 shares in the company, valued at $2,270,315.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,084 shares of company stock worth $1,074,979. 26.91% of the stock is currently owned by company insiders. Warby Parker Stock Up 2.4 % NYSE:WRBY opened at $16.53 on Monday. Warby Parker Inc. has a 1-year low of $9.83 and a 1-year high of $16.65. The company has a 50-day moving average of $13.08 and a 200 day moving average of $12.87. Warby Parker (NYSE:WRBY – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The business had revenue of $161.86 million for the quarter, compared to the consensus estimate of $161.01 million. Warby Parker had a negative net margin of 7.89% and a negative return on equity of 13.19%. As a group, analysts expect that Warby Parker Inc. will post -0.13 EPS for the current fiscal year. Analyst Upgrades and Downgrades WRBY has been the subject of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $19.00 price target on shares of Warby Parker in a research note on Thursday, May 9th. Morgan Stanley lifted their target price on Warby Parker from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, UBS Group upped their price target on shares of Warby Parker from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.50. Read Our Latest Stock Analysis on Warby Parker About Warby Parker (Free Report) 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. 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