<div id="readability-page-1"><p>Bank of America Corp DE lowered its position in  FIGS, Inc. (NYSE:FIGS - Free Report) by 64.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor  owned 527,541 shares of the company's stock after selling 954,366 shares during the period. Bank of America Corp DE owned 0.31% of FIGS worth $3,265,000 as of its most recent SEC filing.</p><ul><li>MarketBeat ‘Stock of the Week’: FIGS has healthy growth prospects</li></ul><p>Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of  FIGS in the 4th quarter worth approximately $1,048,000.  Ameriprise Financial Inc. raised its holdings in  FIGS by 37.9% in the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company's stock worth $75,445,000 after purchasing an additional 3,352,846 shares during the period.  Northern Trust Corp raised its holdings in  FIGS by 5.8% during the fourth quarter. Northern Trust Corp now owns 1,273,290 shares of the company's stock valued at $7,882,000 after acquiring an additional 69,522 shares during the period.  Susquehanna Fundamental Investments LLC purchased a new position in shares of  FIGS during the fourth quarter valued at about $1,270,000.  Finally, T. Rowe Price Investment Management Inc. grew its position in shares of  FIGS by 1.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company's stock valued at $66,121,000 after purchasing an additional 110,472 shares in the last quarter. Institutional investors own  92.21% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several research analysts have issued reports on the company. Telsey Advisory Group  restated a &#34;market perform&#34; rating and set a $5.00 target price on shares of FIGS in a research report on Tuesday, May 13th. Morgan Stanley cut their price target on shares of FIGS from $4.75 to $4.25 and set an &#34;equal weight&#34; rating on the stock in a report on Thursday, April 17th. Barclays  reaffirmed a &#34;positive&#34; rating on shares of FIGS in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of FIGS from $4.25 to $3.75 and set a &#34;sell&#34; rating for the company in a research report on Tuesday, April 22nd.</p><p><b>Get Our Latest Stock Analysis on FIGS</b></p><h2>FIGS Stock Down 0.7%</h2><p>FIGS opened at $4.35 on Friday. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.06. The company has a 50-day moving average price of $4.32 and a 200 day moving average price of $5.03. The company has a market cap of $707.10 million, a PE ratio of 72.50, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. </p><h2>FIGS Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than FIGS</li><li>How to Most Effectively Use the MarketBeat Earnings Screener</li><li>Near 52-Week Lows, These 3 Mid-Cap Stocks Are Worth a Look</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>3 Overlooked Dividend Plays for Income in Volatile Times</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>AXON: Competition Intensifies as Motorola Makes $4.4B Acquisition</li></ul><p><strong>Want to see what other hedge funds are holding FIGS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZJR1M?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZJR1M"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in FIGS Right Now?</h2><p>Before you consider FIGS, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FIGS wasn't on the list.</p><p>While FIGS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FIGS

<p>Bank of America Corp DE has reduced its stake in FIGS, Inc. (NYSE:FIGS) by 64.4%, selling 954,366 shares in the fourth quarter, leaving it with 527,541 shares valued at $3.27 million. Other institutional investors have also adjusted their positions, with significant increases from Ameriprise Financial and new stakes from BNP Paribas and Susquehanna. Analysts have mixed ratings on FIGS, with price targets ranging from $3.75 to $5.00. The stock is currently trading at $4.35, down 0.7%.</p>

- Bank of America Corp DE reduced its stake in FIGS, Inc. by 64.4% in the 4th quarter, now holding 527,541 shares valued at $3,265,000.  
- Other institutional investors, including BNP Paribas and Ameriprise Financial, also adjusted their positions, with institutional ownership at 92.21%.  
- Analysts have mixed ratings on FIGS, with price targets ranging from $3.75 to $5.00, while the stock is currently trading at $4.35.  

Bank of America Corp DE Sells 954,366 Shares of FIGS, Inc. (NYSE:FIGS)