OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $942,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,500 shares of the company's stock, valued at approximately $942,000.

Other large investors have also modified their holdings of the company. Moody National Bank Trust Division purchased a new stake in e.l.f. Beauty during the 4th quarter worth approximately $226,000. MRA Advisory Group purchased a new stake in e.l.f. Beauty during the 4th quarter worth approximately $204,000. Fifth Third Wealth Advisors LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth approximately $223,000. Park Avenue Securities LLC increased its holdings in e.l.f. Beauty by 30.8% during the 4th quarter. Park Avenue Securities LLC now owns 9,651 shares of the company's stock worth $1,212,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Liberty One Investment Management LLC increased its holdings in e.l.f. Beauty by 26.2% during the 4th quarter. Liberty One Investment Management LLC now owns 5,862 shares of the company's stock worth $736,000 after purchasing an additional 1,217 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $1.06 during mid-day trading on Friday, hitting $79.24. The company had a trading volume of 1,740,390 shares, compared to its average volume of 2,409,852. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The firm's 50 day simple moving average is $62.23 and its two-hundred day simple moving average is $93.50.

Analysts Set New Price Targets

Several research firms have issued reports on ELF. Truist Financial dropped their price objective on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. B. Riley restated a "buy" rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Piper Sandler decreased their target price on 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. Raymond James decreased their target price on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued 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. Five equities research 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $112.47.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares of the company's stock, valued at $6,118,257.60. The trade was a 30.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the sale, the insider now directly owns 152,492 shares in the company, valued at $8,136,973.12. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock valued at $10,974,536. Insiders own 3.50% of the company's stock.

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.