Daiwa Securities Group Inc. Sells 4,000 Shares of Revolve Group, Inc. (NYSE:RVLV)

Daiwa Securities Group Inc. lowered its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,196 shares of the company’s stock after selling 4,000 shares during the quarter. Daiwa Securities Group Inc. owned about 0.10% of Revolve Group worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares in the last quarter. Barclays PLC raised its holdings in 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 period. Thrivent Financial for Lutherans bought a new position in Revolve Group in the 3rd quarter worth $1,509,000. Finally, Franklin Resources Inc. raised its holdings in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock worth $699,000 after acquiring an additional 1,753 shares during the period. Institutional investors own 67.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 90 days, insiders sold 511,649 shares of company stock worth $16,027,128. 46.56% of the stock is owned by insiders.

Revolve Group Stock Up 4.7 %

Revolve Group stock opened at $22.27 on Friday. The stock has a market capitalization of $1.59 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company has a 50 day moving average of $28.86 and a 200-day moving average of $29.09.

Analyst Upgrades and Downgrades

RVLV has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Stifel Nicolaus dropped their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Barclays lifted their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Finally, 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 report on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.53.

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.