Geode Capital Management LLC Sells 3,718 Shares of Revolve Group, Inc. (NYSE:RVLV)

Geode Capital Management LLC lowered its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 857,930 shares of the company’s stock after selling 3,718 shares during the quarter. Geode Capital Management LLC owned 1.21% of Revolve Group worth $28,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new stake in Revolve Group in the third quarter worth approximately $250,000. Barclays PLC lifted its holdings in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after acquiring an additional 52,257 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after purchasing an additional 1,753 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Revolve Group by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after purchasing an additional 158,960 shares during the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new position in Revolve Group in the 4th quarter worth $50,000. 67.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the 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 completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,256,430. This trade represents a 47.90 % 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 valued at $7,793,755. 46.56% of the stock is currently owned by corporate insiders.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $19.67 on Friday. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The stock has a market capitalization of $1.40 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.48 and a beta of 2.10. The company’s 50-day moving average is $23.99 and its 200 day moving average is $28.60.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Barclays lifted their price target on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their price objective 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. Morgan Stanley decreased their target price on shares of Revolve Group from $29.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Piper Sandler lowered their price target on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.53.

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.