Estee Lauder Companies, Inc. (EL) shares are experiencing an uptick today, potentially influenced by recent institutional activity. Worldquant Millennium Advisors LLC significantly increased its stake in the company by 695.4% during the third quarter, as disclosed in a recent SEC filing. This substantial increase in holdings, alongside similar moves by other institutional investors, may be contributing to positive sentiment around the stock. Additionally, Two Sigma Advisers LP also boosted its position in Estee Lauder by 80.8% in the same period, further indicating strong institutional interest.
Estee Lauder's stock is currently trading at $80.73, reflecting a 3.27% increase from its previous close of $78.17. The stock opened at $79.65 and has seen a 1.36% rise from the opening price.