GDS Wealth Management Boosts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

GDS Wealth Management raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 119.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,339 shares of the company’s stock after purchasing an additional 73,700 shares during the period. GDS Wealth Management’s holdings in Estée Lauder Companies were worth $10,148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Eagle Bay Advisors LLC raised its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $50,000. Finally, Rakuten Securities Inc. grew its stake in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock worth $58,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EL shares. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $80.00 in a report on Thursday, October 31st. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $92.95.

Estée Lauder Companies Stock Performance

Shares of EL opened at $82.71 on Tuesday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The business has a fifty day moving average of $77.10 and a 200 day moving average of $83.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $29.69 billion, a P/E ratio of 147.70, a PEG ratio of 5.89 and a beta of 1.03.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 75,500 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.78% of the company’s stock.

About Estée Lauder Companies

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.