Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its position in shares of Revolve Group, Inc. (NYSE:RVLV) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,033 shares of the company’s stock after selling 1,243 shares during the quarter. Atria Investments Inc’s holdings in Revolve Group were worth $503,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RVLV. Farther Finance Advisors LLC raised its stake in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Revolve Group by 17.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after acquiring an additional 5,011 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Revolve Group during the third quarter worth about $1,509,000. LMR Partners LLP purchased a new stake in shares of Revolve Group in the third quarter valued at about $228,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Revolve Group in the third quarter valued at approximately $241,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Up 4.7 %

Shares of RVLV opened at $22.27 on Friday. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The company’s fifty day moving average is $28.86 and its two-hundred day moving average is $29.13. The firm has a market cap of $1.59 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Mente sold 62,441 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,496,600. This represents a 46.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 511,649 shares of company stock worth $16,027,128. 46.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on RVLV shares. Roth Mkm restated a “buy” rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Jefferies Financial Group raised Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday. BMO Capital Markets increased their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Stifel Nicolaus cut their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.53.

About Revolve Group

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.