XTX Topco Ltd Sells 67,712 Shares of The Honest Company, Inc. (NASDAQ:HNST)

XTX Topco Ltd decreased its position in shares of The Honest Company, Inc. (NASDAQ:HNST) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,651 shares of the company’s stock after selling 67,712 shares during the quarter. XTX Topco Ltd owned about 0.09% of Honest worth $621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Honest by 25.7% in the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock valued at $35,671,000 after buying an additional 1,052,305 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Honest by 20.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company’s stock valued at $16,439,000 after purchasing an additional 398,603 shares during the period. Geode Capital Management LLC boosted its position in shares of Honest by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,826,160 shares of the company’s stock valued at $12,658,000 after purchasing an additional 14,539 shares in the last quarter. Victory Capital Management Inc. grew its stake in Honest by 869.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company’s stock worth $10,716,000 after purchasing an additional 1,386,961 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Honest by 56.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,209,529 shares of the company’s stock worth $8,382,000 after purchasing an additional 435,723 shares in the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of Honest in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honest currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Insider Activity at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This trade represents a 4.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. The trade was a 10.86 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Honest Stock Down 0.7 %

Shares of HNST opened at $4.39 on Friday. The stock has a market cap of $478.11 million, a P/E ratio of -109.75 and a beta of 2.44. The business’s fifty day moving average is $5.05 and its 200 day moving average is $5.62. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97.

Honest (NASDAQ:HNST) last posted its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $99.84 million during the quarter, compared to the consensus estimate of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. On average, analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current year.

Honest Company Profile

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.