FIGS, Inc. (NYSE:FIGS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in FIGS, Inc. (NYSE:FIGS - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,709 shares of the company's stock after selling 125,792 shares during the quarter. Jane Street Group LLC's holdings in FIGS were worth $227,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of FIGS by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company's stock valued at $79,230,000 after purchasing an additional 153,836 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of FIGS by 1.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company's stock worth $66,121,000 after purchasing an additional 110,472 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of FIGS by 23.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock worth $26,931,000 after purchasing an additional 827,149 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of FIGS by 83.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company's stock worth $14,331,000 after purchasing an additional 1,052,384 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of FIGS during the 4th quarter worth $12,152,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIGS. Morgan Stanley lowered their price target on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on FIGS from $4.25 to $3.75 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $5.00 price target on shares of FIGS in a report on Tuesday, May 13th. Finally, Barclays reiterated a "positive" rating on shares of FIGS in a report on Tuesday, May 13th.

FIGS Trading Up 1.4%

FIGS stock traded up $0.07 during midday trading on Monday, reaching $5.16. 1,460,830 shares of the stock traded hands, compared to its average volume of 2,733,355. The company has a 50-day simple moving average of $4.34 and a two-hundred day simple moving average of $5.03. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06. The firm has a market cap of $838.76 million, a PE ratio of 86.00, a price-to-earnings-growth ratio of 31.62 and a beta of 1.22.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.