Sei Investments Co. Has $6 Million Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Sei Investments Co. grew its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 179,081 shares of the company's stock after buying an additional 11,362 shares during the period. Sei Investments Co. owned approximately 0.25% of Revolve Group worth $5,997,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RVLV. Venturi Wealth Management LLC increased its stake in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock valued at $45,000 after acquiring an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group during the fourth quarter valued at approximately $50,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Revolve Group in the fourth quarter valued at $87,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Revolve Group in the fourth quarter valued at $117,000. Finally, AlphaQuest LLC lifted its position in Revolve Group by 7.7% in 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. Institutional investors own 67.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Mente sold 69,605 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,173,210. This represents a 48.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,373 shares of company stock valued at $11,268,499. 46.56% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. KeyCorp upgraded shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target for the company 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 on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a report on Friday, March 14th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group presently has a consensus rating of "Moderate Buy" and an average price target of $30.53.

Revolve Group Stock Performance

RVLV traded down $0.10 on Friday, hitting $18.81. 2,731,468 shares of the company were exchanged, compared to its average volume of 1,065,683. The company has a market cap of $1.34 billion, a PE ratio of 33.58, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The stock's fifty day moving average is $26.34 and its 200-day moving average is $29.01.

About Revolve Group

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.