26,496 Shares in Revolve Group, Inc. (NYSE:RVLV) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 26,496 shares of the company's stock, valued at approximately $887,000.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. boosted its stake in shares of Revolve Group by 205.6% in the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after buying an additional 159,655 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $8,665,000 after purchasing an additional 158,960 shares in the last quarter. EAM Global Investors LLC acquired a new position in shares of Revolve Group during the 4th quarter worth $4,440,000. Teacher Retirement System of Texas purchased a new position in shares of Revolve Group in the 4th quarter valued at about $4,185,000. Finally, EAM Investors LLC acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $3,969,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,256,430. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,406 shares of company stock worth $4,378,812 over the last quarter. 46.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on RVLV. 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 raised their price objective on Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and set a $36.00 target price (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Morgan Stanley dropped their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler decreased their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Revolve Group Stock Performance

NYSE RVLV traded up $0.12 during mid-day trading on Friday, reaching $19.58. 1,272,617 shares of the stock were exchanged, compared to its average volume of 1,112,012. The business's fifty day simple moving average is $21.73 and its 200 day simple moving average is $28.26. The stock has a market capitalization of $1.39 billion, a PE ratio of 34.96, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58.

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.