ASR Vermogensbeheer N.V. Makes New $25.22 Million Investment in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Estee Lauder Companies Inc., purchasing 382,047 shares valued at approximately $25.22 million.
• Hedge funds and institutional investors own 55.15% of Estee Lauder's stock, indicating strong institutional interest in the company.
• Analysts have mixed ratings on Estee Lauder, with a consensus average price target of $84.50 and a range from $63.00 to $110.00 based on various brokerage reports.

ASR Vermogensbeheer N.V. acquired a new position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 382,047 shares of the company's stock, valued at approximately $25,216,000. ASR Vermogensbeheer N.V. owned approximately 0.11% of Estee Lauder Companies at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Bank Pictet & Cie Europe AG grew its stake in shares of Estee Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after buying an additional 4,690 shares during the last quarter. Mather Group LLC. grew its holdings in Estee Lauder Companies by 442.5% in the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock worth $90,000 after acquiring an additional 1,115 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Estee Lauder Companies by 70.2% during the first quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock worth $313,000 after purchasing an additional 1,961 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Estee Lauder Companies by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock worth $239,000 after buying an additional 770 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Stock Performance

EL stock traded up $0.55 on Friday, hitting $91.77. The company had a trading volume of 226,213 shares, compared to its average volume of 4,120,245. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44. The stock has a market cap of $33.01 billion, a price-to-earnings ratio of -37.79, a P/E/G ratio of 6.44 and a beta of 1.18. The stock's 50-day simple moving average is $81.99 and its 200 day simple moving average is $71.54.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EL shares. UBS Group lifted their price target on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Piper Sandler reissued an "overweight" rating and issued a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Hsbc Global Res raised Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Wall Street Zen upgraded Estee Lauder Companies from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their target price for the stock from $71.00 to $95.00 in a research report on Monday, June 23rd. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $84.50.

Estee Lauder Companies Company Profile

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.