Wealthfront Advisers LLC Buys 2,289 Shares of e.l.f. Beauty (NYSE:ELF). Several other hedge funds have also added to or reduced their stakes in ELF. Aurora Investment Counsel acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at about $294,000. Harbor Capital Advisors Inc. raised its stake in shares of e.l.f. Beauty by 42.0% in the 1st quarter. Vontobel Holding Ltd. raised its stake in shares of e.l.f. Beauty by 165.6% in the 1st quarter. Granahan Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $9,671,000. Institutional investors and hedge funds own 92.44% of the company's stock.\n\nInsider Transactions at e.l.f. Beauty\n\nIn other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 18,383 shares of the business's stock in a transaction dated Wednesday. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the transaction, the senior vice president owned 121,967 shares in the company, valued at $14,094,506.52. This represents an 8.86% decrease in their position. The disclosure for this sale can be found in a legal filing with the Securities & Exchange Commission.\n\ne.l.f. Beauty Stock Up\n\n1.0% traded up during mid-day trading on Thursday, reaching $118.78. 627,794 shares of the company traded hands, compared to its average volume of 2,726,980. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 61.58, a P/E/G ratio of 2.76, and a beta of 1.52. The company reported a net margin of 8.53% and a return on equity of 17.98%. The firm's revenue was up 3.6% compared to the same quarter last year. e.l.f. Beauty last released its earnings results on Wednesday, May 28th, reporting $0.78 earnings per share, beating analysts' consensus estimates of $0.72. The company's 50-day moving average price is $112.14, and its 200-day moving average price is $89.40.\n\nWall Street Analysts Weigh In\n\nSeveral equities analysts have recently rated shares of e.l.f. Beauty. Bank of America raised their price objective from $70.00 to $123.00 and gave the company an 'overweight' rating. JPMorgan Chase raised their price objective from $110.00 to $120.00 and also gave the company an 'overweight' rating. UBS Group raised their price objective from $95.00 to $120.00 and gave e.l.f. Beauty a 'neutral' rating. B. Riley Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a 'buy' rating.\n\ne.l.f. Beauty Company Profile\n\ne.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan, and cruelty-free cosmetics and skincare products. The company focuses on e-commerce, national retailers, and international business channels. Its brands include elf, elf skin, WELL People, and KEYS soulcare.

Wealthfront Advisers LLC Increases Stock Holdings in e.l.f. Beauty (NYSE:ELF)

Wealthfront Advisers LLC increased its stake in e.l.f. Beauty (NYSE:ELF) by purchasing 2,289 shares. Other hedge funds adjusted their positions, including Aurora Investment Counsel, Harbor Capital Advisors, and Vontobel Holding Ltd. Insider Jennifer Catherine Hartnett sold shares, and the stock rose 1% amid analyst ratings and financial metrics. The company reported strong revenue growth and a market cap of $6.74 billion.