JPMorgan Chase & Co. Has $4.09 Million Stock Holdings in FIGS, Inc. (NYSE:FIGS)

JPMorgan Chase & Co. lifted its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 165.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 598,028 shares of the company’s stock after acquiring an additional 372,693 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of FIGS worth $4,091,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in FIGS. Creative Planning lifted its stake in FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares during the period. International Assets Investment Management LLC raised its holdings in shares of FIGS by 787.0% in the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after buying an additional 12,356 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of FIGS during the 3rd quarter worth approximately $104,000. Aigen Investment Management LP boosted its stake in FIGS by 40.3% in the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after buying an additional 6,562 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in FIGS in the 3rd quarter valued at $163,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now directly owns 354,221 shares of the company’s stock, valued at $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.30% of the stock is currently owned by company insiders.

FIGS Stock Performance

Shares of FIGS opened at $5.93 on Friday. The stock has a fifty day moving average price of $5.52 and a two-hundred day moving average price of $5.84. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 98.75, a PEG ratio of 35.88 and a beta of 1.24. FIGS, Inc. has a 52-week low of $4.30 and a 52-week high of $7.05.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Barclays dropped their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group cut their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.35.

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.