AIA Group Ltd Raises Position in Warby Parker Inc. (NYSE:WRBY)

AIA Group Ltd raised its position in Warby Parker Inc. (NYSE:WRBY) by 49.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164,861 shares of the company’s stock after buying an additional 54,839 shares during the period. AIA Group Ltd’s holdings in Warby Parker were worth $2,325,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WRBY. Bank of New York Mellon Corp grew its holdings in shares of Warby Parker by 24.0% in the first quarter. Bank of New York Mellon Corp now owns 29,167 shares of the company’s stock valued at $986,000 after purchasing an additional 5,641 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Warby Parker by 66.1% during the first quarter. HighTower Advisors LLC now owns 8,530 shares of the company’s stock worth $289,000 after acquiring an additional 3,396 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of Warby Parker in the first quarter valued at $277,000. BlackRock Inc. boosted its holdings in Warby Parker by 10.0% in the first quarter. BlackRock Inc. now owns 190,983 shares of the company’s stock valued at $6,457,000 after purchasing an additional 17,340 shares during the period. Finally, Vanguard Group Inc. grew its stake in Warby Parker by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,499,290 shares of the company’s stock worth $152,121,000 after purchasing an additional 14,620 shares in the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WRBY shares. Morgan Stanley lifted their price objective on Warby Parker from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Warby Parker in a report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Warby Parker has an average rating of “Hold” and an average price target of $16.29.

Warby Parker Stock Performance

WRBY opened at $11.88 on Friday. The business’s 50-day simple moving average is $13.09 and its 200-day simple moving average is $12.91. The company has a market cap of $1.17 billion, a P/E ratio of -22.00 and a beta of 1.63. Warby Parker Inc. has a one year low of $9.83 and a one year high of $16.49.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The company had revenue of $161.86 million for the quarter, compared to analyst estimates of $161.01 million. Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. As a group, analysts predict that Warby Parker Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total transaction of $103,451.04. Following the transaction, the chief financial officer now owns 191,104 shares in the company, valued at approximately $2,270,315.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO David Abraham Gilboa sold 52,065 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $12.20, for a total value of $635,193.00. Following the transaction, the chief executive officer now owns 12,306 shares in the company, valued at approximately $150,133.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 8,708 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 191,104 shares of the company’s stock, valued at $2,270,315.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,084 shares of company stock worth $1,074,979. Corporate insiders own 26.91% of the company’s stock.

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.