Sei Investments Co. increased its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 45.7% during the second quarter, Holdings Channel reports. The institutional investor owned 88,522 shares of the company’s stock after buying an additional 27,750 shares during the period. Sei Investments Co.’s holdings in Estee Lauder Companies, Inc. (The) were worth $8,497,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Estee Lauder Companies, Inc. (The) by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock valued at $1,167,987,000 after buying an additional 12,888,915 shares in the last quarter. Scopus Asset Management L.P. bought a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at about $122,946,000. Alliancebernstein L.P. raised its position in shares of Estee Lauder Companies, Inc. (The) by 284.2% in the first quarter. Alliancebernstein L.P. now owns 1,535,927 shares of the company’s stock valued at $130,231,000 after buying an additional 1,136,203 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Estee Lauder Companies, Inc. (The) by 28.6% in the first quarter. Janus Capital Management LLC now owns 4,043,476 shares of the company’s stock valued at $342,835,000 after buying an additional 899,171 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Estee Lauder Companies, Inc. (The) by 16.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock valued at $514,969,000 after buying an additional 880,014 shares in the last quarter. 54.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Estee Lauder Companies, Inc. (EL) opened at 99.65 on Friday. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $104.50. The stock has a market cap of $36.65 billion, a P/E ratio of 33.39 and a beta of 0.72. The stock has a 50 day moving average of $97.42 and a 200 day moving average of $90.23.

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Several research analysts recently issued reports on EL shares. Zacks Investment Research lowered shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Deutsche Bank AG cut their target price on shares of Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Wells Fargo & Company reissued a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, April 22nd. Vetr lowered shares of Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 target price on the stock. in a research note on Wednesday, May 3rd. Finally, Societe Generale lowered shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and increased their target price for the stock from $90.00 to $93.00 in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $100.03.

In related news, VP Sara E. Moss sold 14,552 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $100.22, for a total value of $1,458,401.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the completion of the transaction, the insider now owns 83,638 shares in the company, valued at approximately $7,720,623.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,318 shares of company stock worth $8,291,130. 16.98% of the stock is currently owned by company insiders.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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