William Blair Investment Management LLC Has $116.64 Million Stock Position in Revolve Group, Inc. (NYSE:RVLV)

William Blair Investment Management LLC reduced its stake in Revolve Group, Inc. (NYSE:RVLV) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,482,852 shares of the company’s stock after selling 1,637,349 shares during the quarter. William Blair Investment Management LLC owned about 4.92% of Revolve Group worth $116,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after purchasing an additional 158,960 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Revolve Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company’s stock worth $10,673,000 after purchasing an additional 3,470 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Revolve Group by 3.0% in the fourth quarter. New York State Common Retirement Fund now owns 164,924 shares of the company’s stock worth $5,523,000 after purchasing an additional 4,844 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Revolve Group during the third quarter valued at approximately $3,982,000. Finally, Madison Investment Advisors LLC bought a new stake in shares of Revolve Group during the fourth quarter valued at approximately $3,606,000. 67.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Mente sold 62,441 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 511,649 shares of company stock valued at $16,027,128. Insiders own 46.56% of the company’s stock.

Revolve Group Trading Up 4.7 %

RVLV stock opened at $22.27 on Monday. The stock’s fifty day simple moving average is $28.86 and its two-hundred day simple moving average is $29.17. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The stock has a market cap of $1.59 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.48 and a beta of 2.25.

Wall Street Analyst Weigh In

RVLV has been the subject of several recent research reports. Barclays boosted their price objective on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Jefferies Financial Group upgraded Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday. Finally, Roth Mkm restated a “buy” rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.53.

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.