Universal Beteiligungs und Servicegesellschaft mbH reduced its position in e.l.f. Beauty (NYSE:ELF – Free Report) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 187,283 shares of the company’s stock after selling 2,351 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in e.l.f. Beauty were worth $23,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of ELF. Champlain Investment Partners LLC raised its stake in shares of e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after buying an additional 438,575 shares in the last quarter. Prime Capital Management Co Ltd increased its stake in e.l.f. Beauty by 167.8% in the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after acquiring an additional 378,826 shares during the period. Mackenzie Financial Corp raised its position in e.l.f. Beauty by 68.0% in the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after purchasing an additional 349,024 shares in the last quarter. Swedbank AB raised its position in e.l.f. Beauty by 42.6% in the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after purchasing an additional 345,760 shares in the last quarter. Finally, Aberdeen Group plc lifted its stake in e.l.f. Beauty by 152.3% during the second quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock worth $47,245,000 after purchasing an additional 229,196 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.
e.l.f. Beauty Price Performance
Shares of ELF stock opened at $73.22 on Wednesday. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The stock has a market capitalization of $4.37 billion, a PE ratio of 51.56, a PEG ratio of 6.28 and a beta of 1.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70. The stock’s fifty day moving average is $122.49 and its 200-day moving average is $115.50.
Insider Activity at e.l.f. Beauty
In other e.l.f. Beauty news, insider Scott Milsten sold 55,581 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the transaction, the insider owned 112,406 shares of the company’s stock, valued at approximately $15,125,351.36. This represents a 33.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 116,315 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the transaction, the chief executive officer owned 81,818 shares in the company, valued at $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 296,430 shares of company stock valued at $40,444,041 in the last three months. 3.90% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ELF shares. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their price objective for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.80.
Read Our Latest Analysis on ELF
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics 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.
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