e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 73.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,515 shares of the company's stock after selling 24,056 shares during the period. PDT Partners LLC's holdings in e.l.f. Beauty were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. grew its holdings in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Vanguard Group Inc. lifted its position in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after buying an additional 68,103 shares in the last quarter. William Blair Investment Management LLC grew its stake in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after buying an additional 669,321 shares during the period. Champlain Investment Partners LLC increased its position in shares of e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after acquiring an additional 1,111,550 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock valued at $222,541,000 after acquiring an additional 264,296 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ELF shares. UBS Group decreased their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Truist Financial lowered their target price on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, The Goldman Sachs Group reduced their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $116.88.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $5.99 during mid-day trading on Friday, reaching $68.24. The company's stock had a trading volume of 2,585,100 shares, compared to its average volume of 2,364,662. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The business has a 50 day moving average price of $61.40 and a 200-day moving average price of $95.93. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 97,915 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value 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 $9,673,581.04. This represents a 35.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 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 $2,740,196.08. Following the sale, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is currently owned by company insiders.

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.