Kamunting Street Capital Management L.P. Reduces Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Kamunting Street Capital Management L.P. trimmed its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 75.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company's stock after selling 30,000 shares during the quarter. Revolve Group accounts for about 0.3% of Kamunting Street Capital Management L.P.'s portfolio, making the stock its 14th largest position. Kamunting Street Capital Management L.P.'s holdings in Revolve Group were worth $335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in Revolve Group by 1,302.1% in 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 last quarter. Sugar Maple Asset Management LLC bought a new stake in Revolve Group during the fourth quarter valued at $50,000. Northwest & Ethical Investments L.P. acquired a new stake in Revolve Group during the 4th quarter worth about $87,000. Harvest Fund Management Co. Ltd acquired a new stake in Revolve Group during the 4th quarter worth about $117,000. Finally, AlphaQuest LLC raised its position in shares of Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after acquiring an additional 396 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction on Monday, March 3rd. The stock was 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 $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 66,413 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,225,040. This represents a 47.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,781 shares of company stock worth $7,793,755. Corporate insiders own 46.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RVLV. Stifel Nicolaus decreased their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Piper Sandler reduced their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Friday, March 14th. Barclays increased their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Revolve Group has an average rating of "Moderate Buy" and a consensus price target of $28.53.

Revolve Group Stock Down 2.0 %

RVLV stock traded down $0.41 during mid-day trading on Friday, reaching $20.39. 534,745 shares of the company traded hands, compared to its average volume of 1,103,890. The firm's 50 day moving average price is $22.66 and its 200 day moving average price is $28.42. 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 market cap of $1.45 billion, a price-to-earnings ratio of 36.41, a P/E/G ratio of 1.48 and a beta of 2.10.

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.