International Assets Investment Management LLC Sells 147,829 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

International Assets Investment Management LLC lessened its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 98.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the company's stock after selling 147,829 shares during the period. International Assets Investment Management LLC's holdings in e.l.f. Beauty were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company's stock valued at $578,480,000 after purchasing an additional 1,501,151 shares in the last quarter. State Street Corp boosted its stake in e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company's stock valued at $181,557,000 after buying an additional 59,248 shares during the period. Clearbridge Investments LLC grew its position in e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company's stock worth $265,432,000 after buying an additional 576,383 shares in the last quarter. FMR LLC increased its stake in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company's stock worth $129,393,000 after acquiring an additional 61,524 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $121,558,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $125.48 on Monday. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.08 and a beta of 1.50. The stock's 50 day simple moving average is $127.21 and its two-hundred day simple moving average is $139.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm's revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ELF. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They issued a "buy" rating and a $165.00 price target on the stock. DA Davidson reaffirmed a "buy" rating and set a $170.00 price objective on shares of e.l.f. Beauty in a report on Thursday, December 19th. Robert W. Baird reduced their target price on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. Finally, Bank of America dropped their price target on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.94.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company's stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last three months. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty 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.