Loomis Sayles & Co. L P Acquires 300,891 Shares of Warby Parker Inc. (NYSE:WRBY)

Loomis Sayles & Co. L P increased its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,782,629 shares of the company’s stock after buying an additional 300,891 shares during the period. Loomis Sayles & Co. L P owned 1.75% of Warby Parker worth $29,111,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Warby Parker by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock valued at $118,095,000 after acquiring an additional 219,120 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Warby Parker by 3.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock worth $41,735,000 after purchasing an additional 78,295 shares during the period. Jennison Associates LLC increased its holdings in Warby Parker by 13.6% in the third quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock valued at $31,666,000 after purchasing an additional 232,530 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in Warby Parker by 12.8% in the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after purchasing an additional 211,050 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Warby Parker by 44.3% in the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock valued at $25,192,000 after buying an additional 481,900 shares during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WRBY shares. BTIG Research boosted 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, November 1st. Piper Sandler upped their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and increased their target price for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Stifel Nicolaus upped their price objective on shares of Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and a consensus price target of $18.82.

Warby Parker Trading Up 4.0 %

NYSE:WRBY opened at $24.04 on Tuesday. The stock has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $16.33. Warby Parker Inc. has a 52-week low of $10.28 and a 52-week high of $24.52.

Insiders Place Their Bets

In other news, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at $2,467,083.20. This represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $13.89, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $169,138.53. The trade was a 80.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,178 shares of company stock valued at $1,339,901 in the last quarter. 26.55% of the stock is currently owned by insiders.

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.