Victory Capital Management Inc. decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) by 64.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,632 shares of the company’s stock after selling 434,177 shares during the period. Victory Capital Management Inc. owned about 0.46% of e.l.f. Beauty worth $13,592,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ELF. BlackRock Inc. increased its holdings in shares of e.l.f. Beauty by 17.0% in the 3rd quarter. BlackRock Inc. now owns 8,521,428 shares of the company’s stock worth $320,575,000 after purchasing an additional 1,236,043 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of e.l.f. Beauty by 3,885.5% in the first quarter. Wellington Management Group LLP now owns 812,015 shares of the company’s stock worth $20,974,000 after acquiring an additional 791,641 shares during the period. Vanguard Group Inc. grew its holdings in shares of e.l.f. Beauty by 8.9% in the third quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock worth $231,262,000 after acquiring an additional 504,690 shares during the period. Marshall Wace LLP grew its holdings in shares of e.l.f. Beauty by 70.3% in the third quarter. Marshall Wace LLP now owns 942,438 shares of the company’s stock worth $35,456,000 after acquiring an additional 389,163 shares during the period. Finally, Federated Hermes Inc. bought a new stake in shares of e.l.f. Beauty in the third quarter worth $5,390,000. Institutional investors own 95.14% of the company’s stock.
Insider Activity
In other news, CEO Tarang Amin sold 30,569 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $72.84, for a total value of $2,226,645.96. Following the transaction, the chief executive officer now directly owns 316,927 shares in the company, valued at $23,084,962.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Tarang Amin sold 30,569 shares of e.l.f. Beauty stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $72.84, for a total value of $2,226,645.96. Following the sale, the chief executive officer now directly owns 316,927 shares of the company’s stock, valued at $23,084,962.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kory Marchisotto sold 15,515 shares of e.l.f. Beauty stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $72.84, for a total value of $1,130,112.60. Following the completion of the sale, the insider now directly owns 143,885 shares in the company, valued at $10,480,583.40. The disclosure for this sale can be found here. Insiders have sold 252,162 shares of company stock worth $19,624,844 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.
e.l.f. Beauty Price Performance
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on e.l.f. Beauty from $63.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Bank of America lifted their price objective on e.l.f. Beauty from $75.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, April 17th. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 2nd. Raymond James lifted their target price on e.l.f. Beauty from $80.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. Finally, Stifel Nicolaus lifted their target price on e.l.f. Beauty from $43.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday, January 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic and skin-care products. The company focuses on the e-commerce, national retailers, and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare. The company was founded in 2004 and is headquartered in Oakland, CA.
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