Union Bancaire Privee UBP SA Acquires New Shares in The Estée Lauder Companies Inc. (NYSE:EL)

Union Bancaire Privee UBP SA bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 680 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds also recently made changes to their positions in EL. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after buying an additional 1,310,900 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the period. Worldquant Millennium Advisors LLC grew its stake in Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after acquiring an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC increased its holdings in Estée Lauder Companies by 1,127.5% during the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock worth $105,580,000 after acquiring an additional 972,799 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Down 0.8 %

NYSE:EL opened at $82.33 on Thursday. The firm has a market capitalization of $29.55 billion, a P/E ratio of 147.01, a P/E/G ratio of 5.60 and a beta of 1.02. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $76.11 and a 200 day moving average of $84.19. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business posted $0.11 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada cut their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.68.

View Our Latest Research Report on Estée Lauder Companies

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 75,500 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

About Estée Lauder Companies

(Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.

See Also

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. (NYSE:ELFree Report).

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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