A company insider recently sold 7,559 shares of The Estee Lauder Companies Inc. [EL]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Estee Lauder Companies Inc. shares valued at $1,905,255 were sold by Haney Carl P. on Sep 09. At $252.05 per share, Haney Carl P. sold 7,559 shares. The insider’s holdings dropped to 3,296 shares worth approximately $0.77 million following the completion of this transaction.


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Also, Haney Carl P. sold 2,481 shares, netting a total of over 613,651 in proceeds. Following the sale of shares at $247.34 each, the insider now holds 3,296 shares.

Before that, O’HARE MICHAEL had sold 2,118 shares from its account. In a trade valued at $523,315, the EVP-Global Human Resources traded The Estee Lauder Companies Inc. shares for $247.08 each. Upon closing the transaction, the insider’s holdings decreased to 2,118 shares, worth approximately $0.0.

As published in a research note from Goldman on September 21, 2022, The Estee Lauder Companies Inc. [EL] has been rated up from a Neutral to a Buy and the price target has been revised to $303 from $298. This represents a 22.47% premium over Thursday’s closing price. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in late May. As of April 27, 2022, Edward Jones has increased its “Hold” rating to a “Buy” for EL. Earlier on February 04, 2022, Citigroup upgraded its rating. Their new recommendation was “a Buy” for EL stock which previously was a “a Neutral”.

Analyzing EL’s Price Performance

On Thursday, The Estee Lauder Companies Inc. [NYSE: EL] plunged -1.24% to $234.91. The stock’s lowest price that day was $233.00, but it reached a high of $237.6399 in the same session. During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, The Estee Lauder Companies Inc. shares have dropped approximately -36.55%. Shares of the company reached a 52-week high of $374.20 on 01/03/22 and a 52-week low of $225.39 on 05/12/22. A 50-day SMA is recorded $259.38, while a 200-day SMA reached $279.31. Nevertheless, trading volume fell to 1.11 million shares from 1.28 million shares the previous day.

Support And Resistance Levels for The Estee Lauder Companies Inc. (EL)

According to the 24-hour chart, there is a support level at 232.73, which, if violated, would cause prices to drop to 230.54. In the upper region, resistance lies at 237.37. The next price resistance is at 239.82. RSI (Relative Strength Index) is 32.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.45, which suggests the price will decrease in the coming days. Percent R is at 93.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is The Estee Lauder Companies Inc. subject to short interest?

Stocks of The Estee Lauder Companies Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.24 million shares to 3.4 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.16 million shares. A jump of 7.06% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.51 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.51.

Which companies own the most shares of The Estee Lauder Companies Inc. (EL)?

According to The Vanguard Group, Inc. filings, the company currently owns 16,968,529 shares, which is about 7.33% of the total EL shares outstanding. The investor’s shares have appreciated by 160,879 from its previous 13-F filing of 16807650.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $2,683,953,459. SSgA Funds Management, Inc. reduced a -1.52% interest valued at $2.49 billion while Fidelity Management & Research Co sold a -996,606 stake. A total of 305,370 shares of The Estee Lauder Companies Inc. were sold by Fundsmith LLP during the quarter, and 710,576 were bought by Edgewood Management LLC. In its current portfolio, Jennison Associates LLC holds 6,583,205 shares valued at $1.67 billion.

In terms of The Estee Lauder Companies Inc. share price expectations, FactSet research, analysts set an average price target of $308.42 in the next 12 months, up nearly 31.8% from the previous closing price of $237.86. Analysts anticipate The Estee Lauder Companies Inc. stock to reach $377.00 by 2022, with the lowest price target being $229.00. On February 04, 2022, Wells Fargo assigned a price target of “an Overweight” to the stock and reiterated coverage with a $355.

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