American Century Companies Inc. Lowers Holdings in Warby Parker Inc. $WRBY

American Century Companies Inc. lowered its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 76.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 590,506 shares of the company's stock after selling 1,866,459 shares during the quarter. American Century Companies Inc. owned 0.57% of Warby Parker worth $12,950,000 as of its most recent SEC filing.

• Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze

A number of other hedge funds have also modified their holdings of WRBY. Huntington National Bank raised its holdings in Warby Parker by 111.0% in the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company's stock valued at $37,000 after buying an additional 881 shares during the period. KLP Kapitalforvaltning AS increased its position in shares of Warby Parker by 5.2% during the second quarter. KLP Kapitalforvaltning AS now owns 18,300 shares of the company's stock valued at $401,000 after acquiring an additional 900 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Warby Parker by 5.1% in the 2nd quarter. ProShare Advisors LLC now owns 20,152 shares of the company's stock valued at $442,000 after acquiring an additional 979 shares during the period. Anderson Financial Strategies LLC lifted its holdings in shares of Warby Parker by 39.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company's stock worth $72,000 after acquiring an additional 1,109 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Warby Parker by 400.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company's stock worth $35,000 after purchasing an additional 1,281 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WRBY shares. BTIG Research cut their target price on Warby Parker from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, November 6th. Cowen reiterated a "buy" rating on shares of Warby Parker in a report on Friday, August 8th. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 target price on shares of Warby Parker in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Warby Parker in a research report on Monday. Finally, Wall Street Zen lowered shares of Warby Parker from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Warby Parker currently has an average rating of "Hold" and an average target price of $24.53.

• Warby Parker is One For the Watchlist

Read Our Latest Stock Analysis on Warby Parker

Insiders Place Their Bets

In other news, CEO Neil Harris Blumenthal sold 41,084 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $27.53, for a total transaction of $1,131,042.52. Following the completion of the transaction, the chief executive officer directly owned 32,733 shares of the company's stock, valued at approximately $901,139.49. This represents a 55.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joel E. Cutler sold 35,000 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $26.75, for a total value of $936,250.00. Following the sale, the director directly owned 19,932 shares in the company, valued at $533,181. This trade represents a 63.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 85,000 shares of company stock valued at $2,312,661. Insiders own 18.24% of the company's stock.

Warby Parker Stock Up 3.0%

Shares of NYSE:WRBY opened at $19.06 on Thursday. Warby Parker Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $29.73. The firm's 50 day moving average price is $21.01 and its 200 day moving average price is $22.81. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 1,906.00 and a beta of 2.06.

Warby Parker (NYSE:WRBY - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The firm had revenue of $221.68 million for the quarter, compared to analyst estimates of $224.49 million. During the same quarter last year, the firm earned ($0.03) EPS. The company's revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Warby Parker Inc. will post -0.12 EPS for the current year.

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.

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