Pinnacle Associates Ltd. Makes New $460,000 Investment in Warby Parker Inc. $WRBY

Posted by Stanley Muller on May 19th, 2026

Pinnacle Associates Ltd. purchased a new stake in shares of Warby Parker Inc. (NYSE:WRBY – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,130 shares of the company’s stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Warby Parker by 3.2% during the third quarter. Vanguard Group Inc. now owns 10,665,529 shares of the company’s stock worth $294,155,000 after acquiring an additional 327,830 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Warby Parker by 40.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,303,341 shares of the company’s stock valued at $201,426,000 after purchasing an additional 2,120,768 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Warby Parker by 10.1% in the 3rd quarter. Marshall Wace LLP now owns 2,060,103 shares of the company’s stock worth $56,818,000 after purchasing an additional 189,758 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Warby Parker by 96.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after purchasing an additional 929,073 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Warby Parker by 6.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,301,263 shares of the company’s stock valued at $28,537,000 after purchasing an additional 79,063 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WRBY. BTIG Research lifted their price target on shares of Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Warby Parker from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Citigroup increased their price target on Warby Parker from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. UBS Group lifted their price target on Warby Parker from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Telsey Advisory Group boosted their price objective on Warby Parker from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

View Our Latest Research Report on Warby Parker

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 75,213 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $24.56, for a total value of $1,847,231.28. Following the transaction, the chief executive officer owned 50,165 shares in the company, valued at approximately $1,232,052.40. This represents a 59.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 20,167 shares of Warby Parker stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $28.51, for a total transaction of $574,961.17. Following the completion of the sale, the director owned 104,833 shares of the company’s stock, valued at $2,988,788.83. This trade represents a 16.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 140,793 shares of company stock worth $3,616,716. Insiders own 16.80% of the company’s stock.

Warby Parker Stock Down 0.2%

WRBY stock opened at $28.66 on Tuesday. The company has a 50 day moving average of $23.70 and a two-hundred day moving average of $23.43. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 1,433.77 and a beta of 1.95. Warby Parker Inc. has a 12-month low of $14.96 and a 12-month high of $31.00.

Warby Parker (NYSE:WRBY – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). Warby Parker had a net margin of 0.15% and a return on equity of 2.30%. The company had revenue of $242.45 million for the quarter, compared to analysts’ expectations of $239.44 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. On average, research analysts anticipate that Warby Parker Inc. will post 0.24 EPS for the current year.

Warby Parker Company Profile

(Free Report)

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.