XTX Topco Ltd Acquires Shares of 11,046 e.l.f. Beauty (NYSE:ELF)

Key Points

• XTX Topco Ltd has acquired 11,046 shares of e.l.f. Beauty, valued at approximately $694,000, as reported in their recent 13F filing with the SEC.
• Analyst ratings for e.l.f. Beauty show a consensus of ten buy ratings and a target price increase by firms like Bank of America from $113.00 to $135.00.
• Insider trading activity includes sales by Kory Marchisotto and Mandy J. Fields, who sold shares at an average price of $117.61, resulting in a decrease in their positions.

XTX Topco Ltd acquired a new stake in e.l.f. Beauty (NYSE:ELF - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,046 shares of the company's stock, valued at approximately $694,000.

A number of other institutional investors also recently bought and sold shares of the business. Aurora Investment Counsel purchased a new position in e.l.f. Beauty in the 1st quarter valued at $294,000. Caas Capital Management LP grew its position in e.l.f. Beauty by 1,466.7% in the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock valued at $295,000 after buying an additional 4,400 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in e.l.f. Beauty by 42.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock valued at $6,482,000 after buying an additional 30,530 shares during the last quarter. Granahan Investment Management LLC purchased a new position in e.l.f. Beauty in the 4th quarter valued at $9,671,000. Finally, Vontobel Holding Ltd. grew its position in e.l.f. Beauty by 165.6% in the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock valued at $953,000 after buying an additional 9,466 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ELF. UBS Group lifted their price objective on shares of e.l.f. Beauty from $95.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Piper Sandler reiterated an "overweight" rating and issued a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Bank of America lifted their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, B. Riley reissued a "buy" rating and issued a $150.00 target price (up previously from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.94.

Insider Activity

In related news, insider Kory Marchisotto sold 1,496 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the completion of the sale, the insider owned 158,303 shares in the company, valued at approximately $18,618,015.83. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mandy J. Fields sold 1,487 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $174,886.07. Following the sale, the insider owned 119,846 shares of the company's stock, valued at approximately $14,095,088.06. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,589 shares of company stock worth $14,547,949 in the last quarter. Corporate insiders own 3.90% of the company's stock.

e.l.f. Beauty Trading Down 0.1%

NYSE:ELF opened at $116.34 on Tuesday. The company has a market capitalization of $6.60 billion, a PE ratio of 60.28, a price-to-earnings-growth ratio of 2.77 and a beta of 1.57. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $190.38. The stock has a fifty day simple moving average of $118.34 and a 200-day simple moving average of $88.35.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The business's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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.

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