XTX Topco Ltd Takes $318,000 Position in The Estee Lauder Companies Inc. (NYSE:EL)

XTX Topco Ltd purchased a new stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,811 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EL. Independent Franchise Partners LLP boosted its position in Estee Lauder Companies by 45.5% in the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after purchasing an additional 2,458,379 shares during the last quarter. Capital World Investors purchased a new position in shares of Estee Lauder Companies in the fourth quarter worth approximately $554,509,000. Ensign Peak Advisors Inc boosted its holdings in shares of Estee Lauder Companies by 12.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock worth $270,538,000 after buying an additional 385,677 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Estee Lauder Companies by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company's stock worth $203,866,000 after buying an additional 117,330 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Estee Lauder Companies by 13.7% in the fourth quarter. Northern Trust Corp now owns 2,365,560 shares of the company's stock worth $177,370,000 after buying an additional 285,272 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EL. Royal Bank Of Canada lowered their price objective on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $71.00 to $95.00 in a report on Monday, June 23rd. Canaccord Genuity Group lowered their price target on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. B. Riley reissued a "neutral" rating and issued a $60.00 target price (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, Citigroup boosted their target price on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Thirteen investment 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.com, Estee Lauder Companies presently has an average rating of "Hold" and a consensus target price of $84.50.

Estee Lauder Companies Price Performance

NYSE 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 firm's fifty day simple moving average is $82.47 and its two-hundred day simple moving average is $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 capitalization of $32.65 billion, a P/E ratio of -37.50, a P/E/G ratio of 6.47 and a beta of 1.18.

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.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.