BNP Paribas Financial Markets Buys Shares of 295,693 Warby Parker Inc. (NYSE:WRBY)

BNP Paribas Financial Markets bought a new stake in Warby Parker Inc. (NYSE:WRBY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 295,693 shares of the company’s stock, valued at approximately $7,159,000. BNP Paribas Financial Markets owned about 0.29% of Warby Parker as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Warby Parker during the fourth quarter valued at $25,000. NewEdge Advisors LLC boosted its stake in shares of Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock valued at $29,000 after acquiring an additional 1,050 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after acquiring an additional 1,028 shares during the last quarter. Comerica Bank boosted its stake in shares of Warby Parker by 153.1% during the fourth quarter. Comerica Bank now owns 2,291 shares of the company’s stock valued at $55,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of Warby Parker during the fourth quarter valued at $69,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the sale, the chief executive officer now owns 23,961 shares in the company, valued at $563,562.72. This trade represents a 53.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. This trade represents a 5.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 26.55% of the company’s stock.

Warby Parker Stock Performance

Shares of NYSE:WRBY opened at $18.88 on Tuesday. The company has a market cap of $1.97 billion, a P/E ratio of -69.94 and a beta of 2.01. Warby Parker Inc. has a one year low of $12.46 and a one year high of $28.68. The business’s 50-day simple moving average is $17.21 and its 200 day simple moving average is $21.57.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Evercore ISI reiterated an “in-line” rating and set a $23.00 target price on shares of Warby Parker in a research report on Friday, January 17th. Loop Capital upgraded Warby Parker from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group increased their target price on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group raised their price objective on Warby Parker from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Finally, Roth Capital upgraded Warby Parker to a “strong-buy” rating in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and an average target price of $22.21.

Warby Parker 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.