Warby Parker Inc. (NYSE:WRBY) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC cut its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 395,850 shares of the company’s stock after selling 111,600 shares during the quarter. Zweig DiMenna Associates LLC owned about 0.39% of Warby Parker worth $9,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after acquiring an additional 1,556 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Warby Parker by 11.5% during the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock worth $413,000 after purchasing an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock worth $717,000 after buying an additional 3,007 shares during the period. 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 valued at $262,000 after buying an additional 3,500 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Warby Parker by 2.4% during the 2nd quarter. Squarepoint Ops LLC now owns 199,180 shares of the company’s stock valued at $3,199,000 after buying an additional 4,757 shares during the period. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Stock Down 1.1 %

Shares of WRBY stock opened at $25.94 on Friday. The company has a market cap of $2.64 billion, a P/E ratio of -96.70 and a beta of 1.88. The business has a 50 day moving average of $24.37 and a two-hundred day moving average of $18.79. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $27.10.

Analyst Ratings Changes

Several analysts have issued reports on WRBY shares. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.00 to $18.00 in a research report on Monday, October 21st. Telsey Advisory Group upped their target price on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Stifel Nicolaus raised their price target on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Piper Sandler increased their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, BTIG Research boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Warby Parker currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

Insider Transactions at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 36,163 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at $275,321.97. This represents a 74.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total transaction of $167,331.60. Following the transaction, the chief financial officer now directly owns 182,130 shares in the company, valued at $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 558,032 shares of company stock valued at $13,807,864 in the last quarter. Insiders own 26.55% of the company’s stock.

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.