Penserra Capital Management LLC Decreases Holdings in Revolve Group, Inc. (NYSE:RVLV)

Penserra Capital Management LLC trimmed its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,516 shares of the company's stock after selling 39,348 shares during the quarter. Penserra Capital Management LLC owned approximately 0.24% of Revolve Group worth $4,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in 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 acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock valued at $65,000 after acquiring an additional 1,940 shares during the period. Quarry LP acquired a new position in Revolve Group in the 2nd quarter valued at approximately $68,000. American Century Companies Inc. acquired a new position in Revolve Group in the 2nd quarter valued at approximately $165,000. Finally, nVerses Capital LLC bought a new stake in shares of Revolve Group in the 3rd quarter valued at $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jesse Timmermans sold 91,625 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total value of $2,814,720.00. Following the completion of the transaction, the chief financial officer now directly owns 3,054 shares in the company, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,294,390. This trade represents a 73.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 581,817 shares of company stock worth $17,870,621. Insiders own 46.56% of the company's stock.

Analyst Ratings Changes

RVLV has been the topic of a number of analyst reports. Barclays raised shares of Revolve Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Wedbush reaffirmed a "neutral" rating and issued a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. TD Cowen upped their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. UBS Group upped their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $26.00 target price (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of "Hold" and a consensus price target of $26.19.

Revolve Group Price Performance

Shares of RVLV stock traded up $2.96 on Monday, hitting $37.99. The stock had a trading volume of 2,118,926 shares, compared to its average volume of 1,013,252. The business has a 50 day moving average of $27.58 and a 200 day moving average of $22.35. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 67.83, a price-to-earnings-growth ratio of 2.21 and a beta of 2.05. Revolve Group, Inc. has a 12-month low of $13.24 and a 12-month high of $38.88.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.