Gilder Gagnon Howe & Co. LLC Has $15.75 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Gilder Gagnon Howe & Co. LLC lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 5.9% during the fourth quarter, Holdings Channel reports. The fund owned 125,411 shares of the company’s stock after selling 7,858 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in e.l.f. Beauty were worth $15,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after purchasing an additional 197,028 shares during the period. Global Retirement Partners LLC boosted its holdings in e.l.f. Beauty by 441.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after acquiring an additional 6,752 shares in the last quarter. Robbins Farley grew its stake in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. raised its position in shares of e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after purchasing an additional 3,572 shares during the period. Finally, Ibex Wealth Advisors acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $5,519,000. 92.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the sale, the insider now owns 152,492 shares of the company’s stock, valued at $8,136,973.12. The trade was a 25.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 97,915 shares of the firm’s stock in a transaction 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. The trade was a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock valued at $10,974,536 over the last ninety days. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Trading Up 1.3 %

Shares of e.l.f. Beauty stock opened at $61.44 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of 36.36, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a fifty day moving average price of $62.42 and a 200-day moving average price of $97.61.

e.l.f. Beauty (NYSE:ELF) last released its earnings results 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%. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on ELF shares. Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. DA Davidson decreased their target price 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. UBS Group dropped their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. B. Riley reissued a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Truist Financial lowered their price objective 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. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.41.

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.