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

Virtu Financial LLC lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 70.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,985 shares of the company’s stock after selling 7,189 shares during the quarter. Virtu Financial LLC’s holdings in e.l.f. Beauty were worth $585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ELF. Clearbridge Investments LLC acquired a new position in e.l.f. Beauty in the 1st quarter worth $133,940,000. Norges Bank acquired a new position in e.l.f. Beauty in the 4th quarter worth $95,611,000. 1832 Asset Management L.P. acquired a new position in e.l.f. Beauty in the 1st quarter worth $61,299,000. Zevenbergen Capital Investments LLC lifted its holdings in e.l.f. Beauty by 98.3% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 395,137 shares of the company’s stock worth $57,034,000 after buying an additional 195,854 shares in the last quarter. Finally, Cercano Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth $24,000,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

In other news, SVP Joshua Allen Franks sold 14,253 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $2,636,234.88. Following the completion of the transaction, the senior vice president now directly owns 83,182 shares in the company, valued at $15,385,342.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Joshua Allen Franks sold 14,253 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $2,636,234.88. Following the completion of the sale, the senior vice president now directly owns 83,182 shares of the company’s stock, valued at $15,385,342.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the sale, the insider now directly owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The disclosure for this sale can be found here. Insiders sold 120,361 shares of company stock worth $22,019,033 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELF. Bank of America upped their target price on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Piper Sandler upped their target price on shares of e.l.f. Beauty from $210.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Truist Financial upped their target price on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, DA Davidson restated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

e.l.f. Beauty Stock Performance

NYSE ELF traded down $1.73 on Friday, hitting $165.89. The stock had a trading volume of 1,796,411 shares, compared to its average volume of 1,577,008. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 74.73, a P/E/G ratio of 3.78 and a beta of 1.46. The company’s 50-day moving average is $192.21 and its two-hundred day moving average is $181.53.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The firm had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.83 earnings per share for the current year.

e.l.f. Beauty Profile

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.