JPMorgan Chase & Co. Has $1.11 Million Stock Position in Revolve Group, Inc. (NYSE:RVLV)

JPMorgan Chase & Co. lowered its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 90.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,987 shares of the company's stock after selling 316,683 shares during the period. JPMorgan Chase & Co.'s holdings in Revolve Group were worth $1,105,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Revolve Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock worth $128,341,000 after acquiring an additional 65,602 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Revolve Group during the fourth quarter valued at about $369,000. KLP Kapitalforvaltning AS bought a new stake in shares of Revolve Group in the fourth quarter valued at about $288,000. Sei Investments Co. increased its position in shares of Revolve Group by 6.8% during the fourth quarter. Sei Investments Co. now owns 179,081 shares of the company's stock valued at $5,997,000 after purchasing an additional 11,362 shares during the period. Finally, American Century Companies Inc. lifted its position in Revolve Group by 56.9% in the fourth quarter. American Century Companies Inc. now owns 16,271 shares of the company's stock worth $545,000 after purchasing an additional 5,904 shares during the period. Institutional investors own 67.60% of the company's stock.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Mente sold 65,722 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total transaction of $1,978,232.20. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,197,300. This trade represents a 47.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,819 shares of company stock worth $6,403,080. 46.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RVLV. Barclays lifted their target price 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. KeyCorp raised shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Friday, March 14th. Roth Mkm restated a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $28.53.

Revolve Group Stock Down 2.0 %

Revolve Group stock opened at $20.39 on Monday. The company has a 50 day moving average of $22.66 and a 200-day moving average of $28.48. The stock has a market capitalization of $1.45 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58.

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.

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