Essex Investment Management Co. LLC Sells 17,103 Shares of Revolve Group, Inc. (NYSE:RVLV)

Essex Investment Management Co. LLC reduced its position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,360 shares of the company's stock after selling 17,103 shares during the period. Essex Investment Management Co. LLC owned 0.16% of Revolve Group worth $3,830,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after acquiring an additional 158,960 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Revolve Group during the 3rd quarter valued at about $2,276,000. Farther Finance Advisors LLC boosted its stake in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after purchasing an additional 804 shares in the last quarter. Barclays PLC increased its position in shares of Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company's stock valued at $2,122,000 after buying an additional 52,257 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in Revolve Group in the third quarter worth about $1,509,000. 67.60% of the stock is owned by institutional investors.

Revolve Group Price Performance

Revolve Group stock traded down $2.68 during mid-day trading on Thursday, reaching $21.33. The stock had a trading volume of 2,888,941 shares, compared to its average volume of 1,010,085. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The company has a 50-day moving average price of $29.33 and a two-hundred day moving average price of $29.16. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.48 and a beta of 2.25.

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Insiders Place Their Bets

In related news, CEO Michael Mente sold 76,835 shares of Revolve Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,492,220. This trade represents a 51.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 511,649 shares of company stock valued at $16,027,128. Insiders own 46.56% of the company's stock.

Analyst Ratings Changes

RVLV has been the topic of several research reports. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Barclays lifted their price target on Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target on the stock in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their price objective on Revolve Group from $41.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.57.

Revolve Group Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.