LPL Financial LLC Grows Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

LPL Financial LLC increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 76.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,495 shares of the company’s stock after buying an additional 9,714 shares during the period. LPL Financial LLC’s holdings in e.l.f. Beauty were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. grew its holdings in e.l.f. Beauty by 0.9% during the 2nd quarter. Hanseatic Management Services Inc. now owns 13,166 shares of the company’s stock valued at $1,504,000 after buying an additional 115 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in e.l.f. Beauty by 5.3% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,984 shares of the company’s stock valued at $165,000 after buying an additional 151 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in e.l.f. Beauty by 5.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,013 shares of the company’s stock valued at $344,000 after buying an additional 165 shares during the last quarter. CWM LLC grew its holdings in e.l.f. Beauty by 89.7% during the 1st quarter. CWM LLC now owns 385 shares of the company’s stock valued at $32,000 after buying an additional 182 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in e.l.f. Beauty by 1.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,452 shares of the company’s stock valued at $1,767,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 1.3 %

Shares of ELF opened at $99.46 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.49 billion, a P/E ratio of 47.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.53. The stock’s fifty day simple moving average is $111.36 and its 200 day simple moving average is $109.80. e.l.f. Beauty, Inc. has a twelve month low of $48.10 and a twelve month high of $139.85.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 11,760 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $96.81, for a total value of $1,138,485.60. Following the transaction, the chief executive officer now directly owns 140,671 shares of the company’s stock, valued at $13,618,359.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 11,760 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $96.81, for a total value of $1,138,485.60. Following the transaction, the chief executive officer now directly owns 140,671 shares of the company’s stock, valued at $13,618,359.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tiffany F. Daniele sold 1,253 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $139.09, for a total value of $174,279.77. Following the completion of the transaction, the director now directly owns 4,813 shares in the company, valued at $669,440.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,741 shares of company stock valued at $13,483,075. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ELF shares. Stifel Nicolaus increased their target price on e.l.f. Beauty from $107.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. DA Davidson raised their price objective on e.l.f. Beauty from $176.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Bank of America raised their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 30th. Truist Financial raised their price objective on e.l.f. Beauty from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. Finally, Jefferies Financial Group upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $115.00 in a report on Thursday, October 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.42.

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.