Y Intercept Hong Kong Ltd Invests $1.02 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

Y Intercept Hong Kong Ltd purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,349 shares of the company's stock, valued at approximately $1,019,000.

A number of other large investors have also recently bought and sold shares of ELF. Wealth Enhancement Advisory Services LLC lifted its position in shares of e.l.f. Beauty by 139.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,203 shares of the company's stock valued at $1,729,000 after acquiring an additional 4,776 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in e.l.f. Beauty by 44.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,300 shares of the company's stock valued at $1,328,000 after acquiring an additional 1,935 shares during the last quarter. Portside Wealth Group LLC raised its holdings in e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company's stock valued at $628,000 after buying an additional 93 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of e.l.f. Beauty during the second quarter worth about $232,000. Finally, Raymond James & Associates boosted its stake in shares of e.l.f. Beauty by 21.1% in the second quarter. Raymond James & Associates now owns 123,631 shares of the company's stock valued at $26,052,000 after purchasing an additional 21,554 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of the business'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 completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 530 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $9.09 during midday trading on Friday, hitting $140.60. The company's stock had a trading volume of 1,564,649 shares, compared to its average volume of 1,961,116. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.92 billion, a PE ratio of 72.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The stock's 50-day moving average price is $118.27 and its 200-day moving average price is $149.58.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping 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 firm had revenue of $301.10 million for the quarter, compared to analysts' expectations of $289.43 million. During the same period in the previous year, the company posted $0.66 EPS. The company's quarterly revenue was up 39.7% compared to the same quarter last year. Analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ELF has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a research note on Thursday, November 7th. B. Riley decreased their target price on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Bank of America lowered their price target on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average price target of $170.65.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.