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e.l.f. Beauty (NYSE:ELF) Shares Purchased by Zevenbergen Capital Investments LLC

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Key Points

  • Zevenbergen Capital Investments LLC increased its stake in e.l.f. Beauty by 9.9%, owning over 682,000 shares worth approximately $42.8 million by the end of the first quarter.
  • e.l.f. Beauty's stock is currently valued at $101.82 with a market cap of $5.78 billion, and it has experienced significant fluctuations over the past year, with a low of $49.40 and a high of $172.49.
  • Analysts maintain a consensus rating of "Moderate Buy" for e.l.f. Beauty with an average target price of $122.56, following recent upgrades in ratings and target prices from several financial firms.
  • Want stock alerts on e.l.f. Beauty? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Zevenbergen Capital Investments LLC raised its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 682,009 shares of the company's stock after purchasing an additional 61,282 shares during the period. e.l.f. Beauty accounts for approximately 1.0% of Zevenbergen Capital Investments LLC's holdings, making the stock its 27th biggest position. Zevenbergen Capital Investments LLC owned approximately 1.21% of e.l.f. Beauty worth $42,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its holdings in e.l.f. Beauty by 99.7% during the fourth 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. Congress Asset Management Co. raised its holdings in 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 worth $58,958,000 after purchasing an additional 327,980 shares in the last quarter. Mackenzie Financial Corp raised its holdings in e.l.f. Beauty by 68.0% during 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. Aspex Management HK Ltd acquired a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $73,576,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in e.l.f. Beauty by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 522,732 shares of the company's stock valued at $32,822,000 after purchasing an additional 8,965 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Up 1.9%

e.l.f. Beauty stock opened at $101.82 on Friday. The firm has a market cap of $5.78 billion, a PE ratio of 59.89, a P/E/G ratio of 2.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 3.26. The firm's 50 day moving average price is $118.65 and its two-hundred day moving average price is $88.14. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $172.49.

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 for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. On average, research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird increased their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Canaccord Genuity Group cut their target price on shares of e.l.f. Beauty from $150.00 to $128.00 and set a "buy" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised shares of e.l.f. Beauty from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Truist Financial boosted their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.56.

Get Our Latest Analysis on e.l.f. Beauty

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 11,860 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60. Following the completion of the sale, the insider directly owned 159,799 shares of the company's stock, valued at $18,466,372.44. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 11,860 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the sale, the insider directly owned 118,836 shares of the company's stock, valued at $13,732,688.16. This represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,589 shares of company stock worth $14,547,949. 3.90% of the stock is owned by company insiders.

e.l.f. Beauty Company Profile

(Free Report)

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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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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