Connor Clark & Lunn Investment Management Ltd. Has $1.46 Million Position in Warby Parker Inc. (NYSE:WRBY)

Connor Clark & Lunn Investment Management Ltd. grew its position in Warby Parker Inc. (NYSE:WRBY) by 193.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,620 shares of the company’s stock after purchasing an additional 59,121 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Warby Parker were worth $1,463,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of WRBY. Vanguard Group Inc. boosted its position in shares of Warby Parker by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock worth $118,095,000 after purchasing an additional 219,120 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Warby Parker by 3.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock worth $41,735,000 after purchasing an additional 78,295 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Warby Parker by 13.6% in the 3rd quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock worth $31,666,000 after buying an additional 232,530 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in Warby Parker by 12.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after purchasing an additional 211,050 shares during the period. Finally, Renaissance Technologies LLC grew its position in Warby Parker by 44.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock valued at $25,192,000 after buying an additional 481,900 shares during the period. Institutional investors own 93.24% of the company’s stock.

Insider Activity

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction on Monday, September 9th. The stock was sold at an average price of $13.89, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $169,138.53. The trade was a 80.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven Clive Miller sold 15,272 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now directly owns 184,251 shares of the company’s stock, valued at $2,395,263. The trade was a 7.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Stock Performance

WRBY opened at $24.15 on Wednesday. Warby Parker Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $24.52. The company has a fifty day moving average of $17.72 and a 200 day moving average of $16.33. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -89.96 and a beta of 1.80.

Analysts Set New Price Targets

WRBY has been the subject of a number of recent research reports. The Goldman Sachs Group raised Warby Parker from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Piper Sandler increased their price target on shares of Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Robert W. Baird raised their price objective on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Telsey Advisory Group lifted their target price on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.82.

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.