Y Intercept Hong Kong Ltd Invests $438,000 in Warby Parker Inc. $WRBY

Y Intercept Hong Kong Ltd acquired a new stake in Warby Parker Inc. (NYSE:WRBY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,771 shares of the company’s stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WRBY. AQR Capital Management LLC boosted its position in Warby Parker by 101.0% during the first quarter. AQR Capital Management LLC now owns 171,271 shares of the company’s stock valued at $3,122,000 after purchasing an additional 86,053 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Warby Parker by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,690 shares of the company’s stock worth $961,000 after purchasing an additional 2,297 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Warby Parker by 96.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after purchasing an additional 929,073 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Warby Parker during the 1st quarter worth approximately $252,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Warby Parker by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,020 shares of the company’s stock worth $4,685,000 after purchasing an additional 38,395 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insiders Place Their Bets

In other Warby Parker news, Director Youngme E. Moon sold 10,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $26.53, for a total value of $265,300.00. Following the transaction, the director directly owned 26,061 shares in the company, valued at $691,398.33. The trade was a 27.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley E. Singer sold 4,833 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $29.01, for a total transaction of $140,205.33. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at $2,901,000. The trade was a 4.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 466,207 shares of company stock worth $13,281,506. Company insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on WRBY shares. Telsey Advisory Group raised their target price on shares of Warby Parker from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. BTIG Research upped their price target on shares of Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Warby Parker in a research note on Friday, May 22nd. UBS Group lifted their price objective on shares of Warby Parker from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Piper Sandler reissued an “overweight” rating on shares of Warby Parker in a research report on Tuesday, May 19th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.82.

Warby Parker Stock Up 0.9%

WRBY opened at $27.65 on Wednesday. Warby Parker Inc. has a 12-month low of $14.96 and a 12-month high of $31.00. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 1,383.14, a PEG ratio of 5.48 and a beta of 1.91. The business has a 50 day moving average of $26.64 and a 200-day moving average of $25.00.

Warby Parker (NYSE:WRBY) last issued its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $242.45 million for the quarter, compared to the consensus estimate of $239.44 million. Warby Parker had a return on equity of 2.30% and a net margin of 0.15%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, analysts expect that Warby Parker Inc. will post 0.19 earnings per share for the current year.

Warby Parker Profile

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.