29,850 Shares in e.l.f. Beauty $ELF Acquired by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA has acquired a new position in e.l.f. Beauty, purchasing 29,850 shares valued at approximately $3.7 million, giving it about 0.05% ownership in the company.
• Insider sales included Kory Marchisotto and Mandy J. Fields, who sold shares totaling approximately $2.4 million, resulting in decreases of 7.47% and 8.26% in their respective ownerships.
• e.l.f. Beauty has received a range of ratings from analysts, with a consensus price target of $133.40, reflecting a mix of "Strong Buy," "Buy," and "Hold" ratings.

Union Bancaire Privee UBP SA bought a new position in e.l.f. Beauty (NYSE:ELF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,850 shares of the company's stock, valued at approximately $3,715,000. Union Bancaire Privee UBP SA owned approximately 0.05% of e.l.f. Beauty at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ELF. Wealth Enhancement Advisory Services LLC increased its holdings in e.l.f. Beauty by 42.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company's stock worth $1,048,000 after acquiring an additional 2,505 shares in the last quarter. GAMMA Investing LLC grew its holdings in e.l.f. Beauty by 14,478.0% during the 1st quarter. GAMMA Investing LLC now owns 125,517 shares of the company's stock valued at $7,881,000 after buying an additional 124,656 shares in the last quarter. NBC Securities Inc. grew its holdings in e.l.f. Beauty by 141,950.0% during the 1st quarter. NBC Securities Inc. now owns 5,682 shares of the company's stock valued at $356,000 after buying an additional 5,678 shares in the last quarter. Portside Wealth Group LLC raised its position in shares of e.l.f. Beauty by 18.6% during the first quarter. Portside Wealth Group LLC now owns 3,908 shares of the company's stock valued at $245,000 after buying an additional 613 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in shares of e.l.f. Beauty by 53.7% during the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock valued at $58,958,000 after buying an additional 327,980 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Kory Marchisotto sold 10,812 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the sale, the insider directly owned 133,976 shares of the company's stock, valued at $20,096,400. This represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mandy J. Fields sold 5,298 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $150.21, for a total transaction of $795,812.58. Following the completion of the sale, the insider directly owned 58,856 shares of the company's stock, valued at approximately $8,840,759.76. This trade represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,745 shares of company stock valued at $25,613,238 over the last quarter. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $155.00 price objective (up previously from $140.00) on shares of e.l.f. Beauty in a research report on Monday, September 8th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. UBS Group reduced their price objective on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Canaccord Genuity Group set a $165.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, September 9th. Finally, Truist Financial boosted their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.40.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $131.24 on Tuesday. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 77.20, a price-to-earnings-growth ratio of 3.01 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The firm has a 50-day moving average of $125.17 and a two-hundred day moving average of $100.61.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $353.74 million during the quarter, compared to analysts' expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. On average, research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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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