10,700 Shares in Warby Parker Inc. (NYSE:WRBY) Purchased by Cibc World Market Inc.

Cibc World Market Inc. acquired a new position in Warby Parker Inc. (NYSE:WRBYGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,700 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Warby Parker during the 2nd quarter worth approximately $266,000. Swiss National Bank acquired a new position in shares of Warby Parker during the 2nd quarter worth approximately $1,769,000. Seven Eight Capital LP acquired a new position in shares of Warby Parker during the 2nd quarter worth approximately $212,000. TD Asset Management Inc. boosted its holdings in shares of Warby Parker by 12.9% during the 2nd quarter. TD Asset Management Inc. now owns 469,475 shares of the company’s stock worth $5,286,000 after purchasing an additional 53,820 shares during the last quarter. Finally, Crestone Asset Management LLC acquired a new position in shares of Warby Parker during the 2nd quarter worth approximately $231,000.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 5,099 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $15.10, for a total value of $76,994.90. Following the sale, the chief executive officer now owns 106 shares of the company’s stock, valued at $1,600.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Durable Capital Partners Lp sold 426,457 shares of the company’s stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $14.64, for a total transaction of $6,243,330.48. Following the sale, the insider now owns 13,331,814 shares of the company’s stock, valued at $195,177,756.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neil Harris Blumenthal sold 5,099 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $15.10, for a total value of $76,994.90. Following the sale, the chief executive officer now directly owns 106 shares in the company, valued at approximately $1,600.60. The disclosure for this sale can be found here. Insiders have sold a total of 959,475 shares of company stock valued at $14,396,495 over the last quarter. 25.36% of the stock is owned by company insiders.

Warby Parker Stock Up 4.2 %

Shares of NYSE WRBY opened at $17.13 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -14.27 and a beta of 1.72. Warby Parker Inc. has a 52-week low of $10.86 and a 52-week high of $54.07. The business’s 50 day moving average is $15.01 and its two-hundred day moving average is $14.44.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup decreased their price objective on Warby Parker from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, November 11th. Robert W. Baird decreased their price objective on Warby Parker from $25.00 to $23.00 in a report on Friday, November 11th. Evercore ISI upped their price objective on Warby Parker to $21.00 in a report on Wednesday, November 16th. Morgan Stanley decreased their price objective on Warby Parker from $17.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, November 14th. Finally, Telsey Advisory Group decreased their price objective on Warby Parker from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, August 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.90.

Warby Parker Profile

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Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.

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Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

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