GSA Capital Partners LLP Invests $1.32 Million in Warby Parker Inc. $WRBY

GSA Capital Partners LLP purchased a new stake in Warby Parker Inc. (NYSE:WRBY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 47,965 shares of the company’s stock, valued at approximately $1,323,000.

Several other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Warby Parker by 101.0% during the 1st quarter. AQR Capital Management LLC now owns 171,271 shares of the company’s stock worth $3,122,000 after purchasing an additional 86,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Warby Parker by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,690 shares of the company’s stock worth $961,000 after buying an additional 2,297 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Warby Parker by 96.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after buying an additional 929,073 shares during the period. Caxton Associates LLP purchased a new position in Warby Parker in the first quarter valued at about $252,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $4,685,000 after acquiring an additional 38,395 shares during the period. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Price Performance

WRBY opened at $22.75 on Thursday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 2,274.90 and a beta of 2.05. Warby Parker Inc. has a 12 month low of $13.63 and a 12 month high of $31.00. The business has a 50-day moving average of $25.60 and a two-hundred day moving average of $24.06.

Insiders Place Their Bets

In other Warby Parker news, CEO Neil Harris Blumenthal sold 150,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $25.09, for a total transaction of $3,763,500.00. Following the completion of the sale, the chief executive officer owned 37,119 shares of the company’s stock, valued at approximately $931,315.71. The trade was a 80.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Youngme E. Moon sold 38,832 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $29.07, for a total value of $1,128,846.24. Following the sale, the director owned 27,057 shares of the company’s stock, valued at $786,546.99. This represents a 58.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 359,424 shares of company stock valued at $9,813,571 over the last quarter. Company insiders own 18.24% of the company’s stock.

Analysts Set New Price Targets

WRBY has been the topic of a number of research reports. BTIG Research upped their price target on Warby Parker from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Stifel Nicolaus raised their price target on Warby Parker from $19.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, December 12th. Wall Street Zen downgraded Warby Parker from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Warby Parker in a research note on Monday, December 29th. Finally, Piper Sandler raised their target price on shares of Warby Parker from $22.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.83.

About Warby Parker

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.