Amalgamated Bank Sells 862 Shares of Warby Parker Inc. (NYSE:WRBY)

Amalgamated Bank lowered its position in shares of Warby Parker Inc. (NYSE:WRBY) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,042 shares of the company’s stock after selling 862 shares during the quarter. Amalgamated Bank’s holdings in Warby Parker were worth $170,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WRBY. FMR LLC lifted its holdings in shares of Warby Parker by 0.5% in the third quarter. FMR LLC now owns 9,277,969 shares of the company’s stock worth $122,098,000 after buying an additional 43,601 shares in the last quarter. Vanguard Group Inc. increased its position in Warby Parker by 2.9% during the third quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock valued at $103,314,000 after acquiring an additional 219,160 shares during the last quarter. Baillie Gifford & Co. increased its position in Warby Parker by 6.3% during the fourth quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company’s stock valued at $90,669,000 after acquiring an additional 378,781 shares during the last quarter. Scopia Capital Management LP increased its position in Warby Parker by 781.3% during the third quarter. Scopia Capital Management LP now owns 1,590,744 shares of the company’s stock valued at $20,934,000 after acquiring an additional 1,410,243 shares during the last quarter. Finally, Rock Springs Capital Management LP grew its holdings in shares of Warby Parker by 18.9% in the third quarter. Rock Springs Capital Management LP now owns 1,575,000 shares of the company’s stock worth $20,727,000 after purchasing an additional 250,000 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Performance

Shares of NYSE WRBY opened at $16.81 on Friday. Warby Parker Inc. has a one year low of $9.83 and a one year high of $17.22. The firm has a fifty day moving average of $13.49 and a 200 day moving average of $12.97. The firm has a market cap of $1.67 billion, a PE ratio of -35.77 and a beta of 1.64.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $161.86 million for the quarter, compared to analyst estimates of $161.01 million. Warby Parker had a negative net margin of 7.89% and a negative return on equity of 13.19%. On average, equities analysts predict that Warby Parker Inc. will post -0.13 EPS for the current fiscal year.

Insider Activity

In other Warby Parker news, CEO David Abraham Gilboa sold 28,311 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $336,334.68. Following the transaction, the chief executive officer now owns 12,306 shares of the company’s stock, valued at $146,195.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Warby Parker news, CEO David Abraham Gilboa sold 28,311 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $336,334.68. Following the sale, the chief executive officer now directly owns 12,306 shares in the company, valued at $146,195.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 8,708 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total transaction of $103,451.04. Following the sale, the chief financial officer now owns 191,104 shares in the company, valued at $2,270,315.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,084 shares of company stock valued at $1,074,979. 26.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WRBY shares. UBS Group upped their price target on shares of Warby Parker from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a research report on Thursday, May 9th. Finally, Morgan Stanley increased their price target on shares of Warby Parker from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Warby Parker currently has a consensus rating of “Hold” and an average target price of $16.50.

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.