Penserra Capital Management LLC Has $4.23 Million Stock Position in Revolve Group, Inc. (NYSE:RVLV)

Penserra Capital Management LLC reduced its holdings in shares of Revolve Group, Inc. (NYSE:RVLV) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,516 shares of the company’s stock after selling 39,348 shares during the quarter. Penserra Capital Management LLC owned approximately 0.24% of Revolve Group worth $4,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RVLV. Marshall Wace LLP lifted its position in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after buying an additional 280,151 shares in the last quarter. Comerica Bank raised its holdings in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after acquiring an additional 178,475 shares in the last quarter. Millennium Management LLC boosted its position in Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after purchasing an additional 138,600 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after purchasing an additional 134,775 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Revolve Group

In other news, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the transaction, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Mente sold 71,463 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $35.20, for a total value of $2,515,497.60. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,569,600. This trade represents a 49.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 581,817 shares of company stock valued at $17,870,621. 46.56% of the stock is owned by corporate insiders.

Revolve Group Stock Up 0.6 %

Shares of Revolve Group stock opened at $35.02 on Monday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 62.54, a price-to-earnings-growth ratio of 2.21 and a beta of 2.05. Revolve Group, Inc. has a twelve month low of $13.24 and a twelve month high of $35.86. The company has a 50-day simple moving average of $27.30 and a two-hundred day simple moving average of $22.23.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RVLV has been the subject of several analyst reports. Piper Sandler raised their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. TD Cowen upped their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, BTIG Research upped their price objective on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.19.

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.