Algert Global LLC Has $1.74 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Algert Global LLC lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,844 shares of the company's stock after selling 19,535 shares during the quarter. Algert Global LLC's holdings in e.l.f. Beauty were worth $1,738,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ELF. Baillie Gifford & Co. increased its stake in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Aspex Management HK Ltd acquired a new position in e.l.f. Beauty in the fourth quarter valued at about $73,576,000. Finally, Raymond James Financial Inc. bought a new stake in e.l.f. Beauty during the fourth quarter worth about $68,775,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 97,915 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. This represents a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,618 shares of company stock worth $10,974,536. Insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELF. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Canaccord Genuity Group decreased their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. DA Davidson reduced their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, UBS Group lowered their price target on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.47.

e.l.f. Beauty Price Performance

ELF traded down $0.69 on Wednesday, reaching $77.52. The stock had a trading volume of 2,542,277 shares, compared to its average volume of 2,402,238. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 45.87, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The firm has a 50-day moving average of $61.83 and a 200-day moving average of $94.07.

e.l.f. Beauty 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.