BlackRock Amends e.l.f. Beauty Stake; Institutional Confidence Noted
Ticker: ELF · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, cosmetics
TL;DR
**BlackRock still holds a big chunk of e.l.f. Beauty, good sign for stability!**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, indicating a change in its ownership of e.l.f. Beauty, Inc. common stock as of December 31, 2023. This filing, Amendment No. 6, shows that BlackRock continues to be a significant institutional holder, which can provide a sense of stability and institutional confidence in e.l.f. Beauty's stock. For investors, BlackRock's continued large stake suggests that a major player still sees value in the company, potentially influencing market perception and liquidity.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in e.l.f. Beauty, signaling continued institutional interest and potentially reducing volatility for shareholders.
Risk Assessment
Risk Level: low — This filing is an amendment by a large institutional investor, indicating routine portfolio adjustments rather than a significant new risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which can be a positive indicator of institutional confidence, but should also conduct their own due diligence on e.l.f. Beauty's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- e.l.f. Beauty, Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a major institutional investment manager.
Which company's securities are the subject of this filing?
The subject company is e.l.f. Beauty, Inc., identified by the CUSIP Number 26856L103.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the specific amendment number for this filing?
This filing is Amendment No. 6 to the Schedule 13G for e.l.f. Beauty, Inc.
From the Filing
EDGAR Filing Documents for 0001086364-24-001077 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001077 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:12 Documents 1 Document Format Files Seq Description Document Type Size 1 us26856l1035_012224.txt SC 13G/A 11666 Complete submission text file 0001086364-24-001077.txt 13585 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 570 10TH STREET OAKLAND CA 94607 Business Address 570 10TH STREET OAKLAND CA 94607 (510) 778-7787 e.l.f. Beauty, Inc. (Subject) CIK : 0001600033 (see all company filings) EIN. : 464464131 | State of Incorp.: DE | Fiscal Year End: 0331 Type: SC 13G/A | Act: 34 | File No.: 005-89846 | Film No.: 24548748 SIC : 2844 Perfumes, Cosmetics & Other Toilet Preparations (CF Office: 08 Industrial Applications and Services)