JPMorgan Chase & Co. Has $1.11 Million Holdings in Revolve Group, Inc. (NYSE:RVLV)

JPMorgan Chase & Co. lessened its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 90.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,987 shares of the company's stock after selling 316,683 shares during the period. JPMorgan Chase & Co.'s holdings in Revolve Group were worth $1,105,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in shares of Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after acquiring an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in Revolve Group during the fourth quarter worth about $50,000. Northwest & Ethical Investments L.P. bought a new position in Revolve Group during the 4th quarter worth approximately $87,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Revolve Group in the 4th quarter valued at $117,000. Finally, AlphaQuest LLC grew its position in shares of Revolve Group by 7.7% in the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after purchasing an additional 396 shares during the period. Institutional investors own 67.60% of the company's stock.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction 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. The trade was a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction 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 owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 145,406 shares of company stock valued at $4,378,812 over the last quarter. 46.56% of the stock is owned by corporate insiders.

Revolve Group Price Performance

Revolve Group stock traded up $0.21 during midday trading on Friday, hitting $19.67. The company's stock had a trading volume of 148,284 shares, compared to its average volume of 1,106,613. The company has a 50-day moving average price of $21.90 and a two-hundred day moving average price of $28.29. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 35.10, 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus cut their target price on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target on the stock in a research report on Thursday, January 23rd. Robert W. Baird decreased their target price on shares of Revolve Group from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Friday, March 14th. Finally, Morgan Stanley decreased their price objective on shares of 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Revolve Group 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.