Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in Warby Parker Inc. $WRBY

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of Warby Parker Inc. (NYSE:WRBY) by 43.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 94,396 shares of the company’s stock after selling 72,732 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Warby Parker were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WRBY. First Horizon Corp lifted its position in shares of Warby Parker by 96.7% during the 4th quarter. First Horizon Corp now owns 1,210 shares of the company’s stock valued at $26,000 after buying an additional 595 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Warby Parker by 259.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company’s stock valued at $33,000 after buying an additional 861 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Warby Parker during the 4th quarter valued at $35,000. NewEdge Advisors LLC lifted its position in shares of Warby Parker by 56.7% during the 3rd quarter. NewEdge Advisors LLC now owns 2,350 shares of the company’s stock valued at $65,000 after buying an additional 850 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Warby Parker during the 3rd quarter valued at $112,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of recent research reports. Citigroup upped their price target on Warby Parker from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. UBS Group reaffirmed a “neutral” rating and set a $20.00 price target on shares of Warby Parker in a research report on Wednesday, February 25th. Weiss Ratings cut Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $32.00 price target on shares of Warby Parker in a research report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.09.

Warby Parker Stock Performance

NYSE:WRBY opened at $23.13 on Friday. Warby Parker Inc. has a 52-week low of $14.96 and a 52-week high of $31.00. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 1,157.18 and a beta of 1.96. The business’s fifty day moving average is $23.25 and its 200 day moving average is $23.03.

Insiders Place Their Bets

In related news, CEO Neil Harris Blumenthal sold 22,442 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $25.09, for a total transaction of $563,069.78. Following the sale, the chief executive officer directly owned 50,165 shares in the company, valued at approximately $1,258,639.85. The trade was a 30.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 15,793 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $27.53, for a total value of $434,781.29. Following the sale, the director owned 16,026 shares in the company, valued at approximately $441,195.78. The trade was a 49.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 115,793 shares of company stock worth $2,901,550. 18.24% of the stock is currently owned by corporate insiders.

Warby Parker Company 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.