Duquesne Family Office LLC Acquires New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Duquesne Family Office LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,300 shares of the company's stock, valued at approximately $4,683,000. Duquesne Family Office LLC owned 0.07% of e.l.f. Beauty at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC raised its holdings in shares of e.l.f. Beauty by 130.8% during the fourth quarter. GAMMA Investing LLC now owns 861 shares of the company's stock worth $108,000 after acquiring an additional 488 shares in the last quarter. Diversified Trust Co boosted its position in e.l.f. Beauty by 119.9% during the fourth quarter. Diversified Trust Co now owns 15,745 shares of the company's stock valued at $1,977,000 after purchasing an additional 8,585 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of e.l.f. Beauty by 419.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 72,705 shares of the company's stock valued at $9,128,000 after buying an additional 58,705 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $373,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ELF. Canaccord Genuity Group decreased their price target on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 7th. DA Davidson lowered their price target 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. Truist Financial lowered their target price on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley reissued an "equal weight" rating and set a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Raymond James lowered their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.88.

Insider Activity

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

e.l.f. Beauty Price Performance

ELF stock traded down $0.83 during midday trading on Friday, reaching $67.07. 1,563,984 shares of the company's stock traded hands, compared to its average volume of 2,385,340. The company has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $94.52. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 6.76 and a beta of 1.31.

About e.l.f. Beauty

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.