Zevenbergen Capital Investments LLC Has $77.93 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Zevenbergen Capital Investments LLC cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 620,727 shares of the company’s stock after selling 15,414 shares during the quarter. e.l.f. Beauty makes up approximately 1.6% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 20th biggest holding. Zevenbergen Capital Investments LLC’s holdings in e.l.f. Beauty were worth $77,932,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Baillie Gifford & Co. raised its position in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Swedbank AB bought a new position in shares of e.l.f. Beauty during the third quarter worth about $76,321,000. William Blair Investment Management LLC raised its position in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after acquiring an additional 669,321 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of e.l.f. Beauty during the fourth quarter worth about $68,775,000. Finally, Westfield Capital Management Co. LP raised its position in shares of e.l.f. Beauty by 20,187.5% during the third quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock worth $36,497,000 after acquiring an additional 333,093 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $62.91 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a 52-week low of $60.35 and a 52-week high of $219.77. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60. The business’s fifty day moving average is $85.71 and its 200 day moving average is $107.68.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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%. Research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Raymond James reduced their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.65.

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.