Virtu Financial LLC Buys 27,476 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Virtu Financial LLC increased its stake in Estee Lauder Companies by 757.3%, acquiring an additional 27,476 shares during the first quarter, bringing its total holdings to 31,104 shares valued at approximately $2.05 million.
• Multiple large investors have also significantly boosted their stakes in Estee Lauder, with institutional ownership reaching 55.15%.
• Analysts have mixed ratings for Estee Lauder, with a consensus rating of "Hold" and an average price target of $84.50, while some firms have set price objectives as high as $101.00.

Virtu Financial LLC boosted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 757.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,104 shares of the company's stock after acquiring an additional 27,476 shares during the quarter. Virtu Financial LLC's holdings in Estee Lauder Companies were worth $2,053,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EL. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after buying an additional 461 shares during the last quarter. Winthrop Capital Management LLC grew its stake in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after purchasing an additional 560 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. CVA Family Office LLC grew its stake in Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after purchasing an additional 359 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after purchasing an additional 229 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Stock Performance

Shares of EL opened at $90.76 on Monday. 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 fifty day moving average price of $82.47 and a 200-day moving average price of $71.51. 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 firm has a market cap of $32.65 billion, a PE ratio of -37.50, a P/E/G ratio of 6.47 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EL. Evercore ISI increased their price objective on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estee Lauder Companies in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised Estee Lauder Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $62.00 to $101.00 in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada dropped their price objective on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of "Hold" and an average 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.

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