Baillie Gifford & Co. Sells 39,589 Shares of Warby Parker Inc. (NYSE:WRBY)

Baillie Gifford & Co. reduced its position in Warby Parker Inc. (NYSE:WRBY) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,195,580 shares of the company’s stock after selling 39,589 shares during the quarter. Baillie Gifford & Co. owned about 2.18% of Warby Parker worth $35,854,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in Warby Parker during the third quarter worth about $372,000. TimesSquare Capital Management LLC increased its stake 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 acquiring an additional 211,050 shares during the last quarter. AIA Group Ltd raised its holdings in shares of Warby Parker by 12.2% during the 3rd quarter. AIA Group Ltd now owns 182,573 shares of the company’s stock valued at $2,981,000 after buying an additional 19,923 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after buying an additional 1,556 shares during the last quarter. Finally, Zweig DiMenna Associates LLC boosted its stake in Warby Parker by 57.2% in the third quarter. Zweig DiMenna Associates LLC now owns 507,450 shares of the company’s stock worth $8,287,000 after buying an additional 184,700 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Up 3.6 %

WRBY opened at $21.23 on Wednesday. Warby Parker Inc. has a one year low of $9.96 and a one year high of $21.45. The business has a 50 day simple moving average of $16.17 and a two-hundred day simple moving average of $15.70.

Analysts Set New Price Targets

Several research analysts have commented on WRBY shares. The Goldman Sachs Group raised shares of Warby Parker from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. BTIG Research raised their price objective on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a report on Thursday, November 7th. Finally, Robert W. Baird increased their target price on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.18.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock in a transaction on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at $158,301. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $158,301. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,178 shares of company stock worth $1,339,901 over the last quarter. 26.55% of the stock is owned by corporate insiders.

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.