D1 Capital Partners L.P. Has $128.38 Million Stake in Warby Parker Inc. (NYSE:WRBY)

D1 Capital Partners L.P. decreased its position in Warby Parker Inc. (NYSE:WRBY) by 16.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,861,364 shares of the company’s stock after selling 1,582,659 shares during the period. Warby Parker makes up 2.5% of D1 Capital Partners L.P.’s holdings, making the stock its 13th biggest holding. D1 Capital Partners L.P. owned about 0.08% of Warby Parker worth $128,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in Warby Parker by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after purchasing an additional 1,556 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after purchasing an additional 2,276 shares in the last quarter. Hsbc Holdings PLC increased its stake in Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after purchasing an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after purchasing an additional 3,007 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Warby Parker by 16.0% in the second quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock valued at $376,000 after purchasing an additional 3,224 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WRBY. Piper Sandler lifted their price target 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. Stifel Nicolaus boosted their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. The Goldman Sachs Group raised shares of Warby Parker from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Robert W. Baird upped their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, BTIG Research upped their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.82.

Insiders Place Their Bets

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $352,859.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $158,301. The trade was a 69.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock worth $1,339,901 in the last three months. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Trading Down 5.2 %

NYSE WRBY opened at $22.90 on Friday. Warby Parker Inc. has a 1 year low of $10.28 and a 1 year high of $24.60. The company’s 50 day simple moving average is $18.07 and its two-hundred day simple moving average is $16.44.

Warby Parker Company 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.