ProShare Advisors LLC Trims Stock Position in Revolve Group, Inc. (NYSE:RVLV)

ProShare Advisors LLC trimmed its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,583 shares of the company's stock after selling 47,240 shares during the period. ProShare Advisors LLC owned about 0.15% of Revolve Group worth $3,502,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after buying an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Revolve Group during the fourth quarter valued at $50,000. Castlekeep Investment Advisors LLC purchased a new stake in Revolve Group during the 4th quarter worth about $65,000. Northwest & Ethical Investments L.P. acquired a new position in Revolve Group in the 4th quarter valued at about $87,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Revolve Group in the 4th quarter valued at about $117,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Piper Sandler cut their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Raymond James lowered their price objective on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Barclays reiterated a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.07.

Insider Activity

In related news, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction on 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 directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. This represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.82% of the company's stock.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $20.74 on Tuesday. The stock has a 50-day simple moving average of $20.52 and a 200-day simple moving average of $27.81. The stock has a market capitalization of $1.48 billion, a P/E ratio of 37.04, 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 (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. During the same period in the previous year, the company posted $0.15 earnings per share. Revolve Group's revenue was up 9.7% compared to the same quarter last year. Analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.