Essex Investment Management Co. LLC Sells 17,103 Shares of Revolve Group, Inc. (NYSE:RVLV)

Essex Investment Management Co. LLC cut its holdings in Revolve Group, Inc. (NYSE:RVLV) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,360 shares of the company’s stock after selling 17,103 shares during the period. Essex Investment Management Co. LLC owned approximately 0.16% of Revolve Group worth $3,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after buying an additional 158,960 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in Revolve Group in the 3rd quarter valued at about $2,276,000. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Barclays PLC increased its position in Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock valued at $2,122,000 after buying an additional 52,257 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Revolve Group in the 3rd quarter valued at about $1,509,000. 67.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RVLV has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Roth Mkm reissued a “buy” rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Finally, Barclays boosted their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.57.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 62,441 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. This represents a 46.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 511,649 shares of company stock worth $16,027,128. Insiders own 46.56% of the company’s stock.

Revolve Group Trading Up 4.5 %

Revolve Group stock opened at $24.05 on Friday. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The business’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $29.14. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 1.48 and a beta of 2.25.

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.