Revolve Group, Inc. (NYSE:RVLV) Shares Acquired by Fmr LLC

FMR LLC boosted its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,743,151 shares of the company's stock after acquiring an additional 38,694 shares during the quarter. FMR LLC owned about 8.12% of Revolve Group worth $192,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RVLV. Venturi Wealth Management LLC boosted its position in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after buying an additional 1,250 shares during the period. Sugar Maple Asset Management LLC purchased a new position in Revolve Group during the 4th quarter valued at about $50,000. Northwest & Ethical Investments L.P. purchased a new position in Revolve Group during the 4th quarter valued at about $87,000. Harvest Fund Management Co. Ltd acquired a new position in Revolve Group in the 4th quarter valued at about $117,000. Finally, AlphaQuest LLC increased its stake in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after purchasing an additional 396 shares during the period. Hedge funds and other institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RVLV shares. Piper Sandler cut their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley dropped their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday. KeyCorp upgraded 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. Barclays lifted their target price on Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, Roth Mkm restated a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.53.

Revolve Group Stock Up 0.0 %

RVLV traded up $0.00 on Friday, reaching $19.67. The company's stock had a trading volume of 1,067,327 shares, compared to its average volume of 1,093,599. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a 50 day moving average of $23.99 and a two-hundred day moving average of $28.60.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 44,962 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.93, for a total value of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,257,890. The trade was a 38.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,781 shares of company stock worth $7,793,755. 46.56% of the stock is currently owned by insiders.

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.