5 New Stock Picks of Billionaire George Soros

4. Warby Parker Inc. (NYSE:WRBY)

Soros Fund Management’s Stake Value: $15,282,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.20%

Number of Hedge Fund Holders: 12

Warby Parker Inc. (NYSE:WRBY) is a New York-based online retailer of prescription glasses and fashion eyewear, which has now expanded to physical retail stores across the United States and Canada.

Soros Fund Management acquired a position in Warby Parker Inc. (NYSE:WRBY) in the fourth quarter of 2021, buying 328,216 shares of the company, worth $15.2 million. The stock accounts for 0.20% of the fund’s Q4 securities. 

Loop Capital analyst Anthony Chukumba on December 10 lowered the price target on Warby Parker Inc. (NYSE:WRBY) to $52 from $60 and kept a Hold rating on the shares. The price target cut reflects rising inflation, which may negatively impact the valuations that investors are willing to pay for high growth companies like Warby Parker Inc. (NYSE:WRBY), the analyst conveyed to investors in a research note. 

Billionaire Daniel Sundheim’s D1 Capital Partners held the biggest stake in Warby Parker Inc. (NYSE:WRBY), owning over 8 million shares worth $432.5 million. Overall, 12 hedge funds were bullish on the stock in the third quarter.