Allspring Global Investments Holdings LLC Sells 132,255 Shares of Revolve Group, Inc. (NYSE:RVLV)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 506,921 shares of the company's stock after selling 132,255 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.72% of Revolve Group worth $16,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $50,000. Dakota Wealth Management bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $211,000. nVerses Capital LLC bought a new stake in shares of Revolve Group in the 3rd quarter worth approximately $171,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $275,000. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RVLV shares. Roth Mkm reiterated a "buy" rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. UBS Group lifted their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on Revolve Group from $35.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.60.

Revolve Group Trading Down 3.2 %

NYSE:RVLV traded down $0.99 during trading hours on Wednesday, reaching $30.26. 1,417,647 shares of the company traded hands, compared to its average volume of 1,087,052. The business's 50-day moving average price is $31.95 and its two-hundred day moving average price is $28.79. The stock has a market capitalization of $2.14 billion, a P/E ratio of 54.03, a P/E/G ratio of 1.57 and a beta of 2.17. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 90,266 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at $4,403,400. This represents a 42.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 759,241 shares of company stock worth $24,880,406. 46.56% of the stock is 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.