Independent Advisor Alliance Buys Shares of 51,822 Revolve Group, Inc. (NYSE:RVLV)

Independent Advisor Alliance acquired a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,822 shares of the company's stock, valued at approximately $1,736,000. Independent Advisor Alliance owned approximately 0.07% of Revolve Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RVLV. Farther Finance Advisors LLC increased its position in shares of Revolve Group by 249.7% in 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 during the last quarter. Los Angeles Capital Management LLC increased its holdings in Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company's stock valued at $835,000 after buying an additional 5,011 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in Revolve Group in the third quarter valued at $1,509,000. LMR Partners LLP purchased a new stake in Revolve Group during the 3rd quarter worth about $228,000. Finally, Intech Investment Management LLC purchased a new stake in Revolve Group during the 3rd quarter worth about $241,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Down 0.2 %

NYSE RVLV traded down $0.04 during trading hours on Monday, hitting $22.27. 1,219,734 shares of the stock were exchanged, compared to its average volume of 1,014,340. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a 50-day moving average of $28.86 and a 200 day moving average of $29.17.

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Analyst Upgrades and Downgrades

RVLV has been the topic of several research analyst reports. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Friday. KeyCorp raised shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price on the stock in a research report on Thursday, January 23rd. Barclays boosted their price target on shares of Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Roth Mkm reissued 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.53.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 62,441 shares of Revolve Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 511,649 shares of company stock valued at $16,027,128. Corporate insiders own 46.56% of the company's stock.

Revolve Group Company 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.