FMR LLC & Abigail Johnson Report 14.999% Stake in Revolve Group
Ticker: RVLV · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, retail
TL;DR
**FMR LLC still owns nearly 15% of Revolve Group, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership in Revolve Group, Inc. (RVLV) as of February 9, 2024. They collectively beneficially own 5,933,489 shares of Class A Common Stock, representing 14.999% of the company. This filing indicates a significant, but slightly reduced, passive stake by a large institutional investor, which can influence investor confidence and stock liquidity.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, still holds a substantial stake in Revolve Group, Inc., signaling their continued belief in the company's long-term prospects, which can reassure other investors.
Risk Assessment
Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in control or strategy, thus posing low risk.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which provides a baseline of confidence, but this filing itself doesn't suggest an immediate buy or sell action as it's a passive update.
Key Numbers
- 5,933,489 — Shares Beneficially Owned (Represents the total Class A Common Stock held by FMR LLC and Abigail P. Johnson in Revolve Group, Inc.)
- 14.999% — Percent of Class (Indicates the significant ownership stake FMR LLC and Abigail P. Johnson have in Revolve Group, Inc.'s Class A Common Stock.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Revolve Group, Inc. (company) — the issuer of the securities
- 5,933,489 (dollar_amount) — number of shares beneficially owned
- 14.999% (dollar_amount) — percentage of Class A Common Stock owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive ownership stake in Revolve Group, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both reporting persons.
What is the CUSIP number for Revolve Group, Inc.'s Class A Common Stock?
The CUSIP number for Revolve Group, Inc.'s Class A Common Stock is 76156B107, as listed in the filing under 'Cusip #76156B107' and Item 2(e).
What percentage of Revolve Group, Inc.'s Class A Common Stock does FMR LLC beneficially own?
FMR LLC beneficially owns 14.999% of Revolve Group, Inc.'s Class A Common Stock, as detailed in Item 11 for FMR LLC and Item 4(b) for FMR LLC.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson report beneficially owning 5,933,489 shares of Class A Common Stock, as shown in Item 5 and Item 7 for FMR LLC, and Item 7 for Abigail P. Johnson.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box under 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed:'.
From the Filing
EDGAR Filing Documents for 0000315066-24-001479 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001479 Filing Date 2024-02-09 Accepted 2024-02-09 09:49:32 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6574 Complete submission text file 0000315066-24-001479.txt 8398 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address 12889 MOORE ST. CERRITOS CA 90703 Business Address 12889 MOORE ST. CERRITOS CA 90703 (562) 677-9480 Revolve Group, Inc. (Subject) CIK : 0001746618 (see all company filings) EIN. : 000000000 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-91063 | Film No.: 24612068 SIC : 5961 Retail-Catalog & Mail-Order Houses (CF Office: 07 Trade & Services)