XTX Topco Ltd Decreases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

XTX Topco Ltd cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 85.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,968 shares of the company's stock after selling 11,242 shares during the period. XTX Topco Ltd's holdings in e.l.f. Beauty were worth $215,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $26,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after buying an additional 138 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after acquiring an additional 146 shares during the last quarter. Finally, Planning Capital Management Corp grew its stake in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after buying an additional 371 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Insider Buying and Selling

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % 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 worth $297,442 in the last quarter. Insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Down 0.3 %

e.l.f. Beauty stock traded down $0.43 during mid-day trading on Friday, reaching $128.66. The stock had a trading volume of 2,115,542 shares, compared to its average volume of 1,952,228. The firm has a market capitalization of $7.25 billion, a PE ratio of 69.55, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. 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's 50-day simple moving average is $121.61 and its 200-day simple moving average is $147.27. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter last year, the firm posted $0.66 EPS. e.l.f. Beauty's revenue was up 39.7% compared to the same quarter last year. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on ELF shares. Morgan Stanley reduced their price target on e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating on the stock in a report on Monday, September 30th. Bank of America decreased their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Truist Financial raised their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday. Stifel Nicolaus reduced their target price on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. One investment 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. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $171.82.

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.