President and CEO of Estee Lauder, Fabrizio Freda has sold 14,381 shares in the company in a transaction valued at US$1,251,578.43, according to a document filed with the US Securities & Exchange Commission.

The stock was sold at an average share price of US$87.03. Following the completion of the transaction, Freda now directly owns 73,174 shares in the company, valued at approximately US$6,368,333.22.

The stock’s 50-day moving average is US$87.89 and its 200-day moving average is US$82.32. Estee Lauder has a 52 week low of US$70.18 and a 52 week high of US$90.33.

Shares in Estee Lauder have consistently been given “buy” ratings in recent months by analysts at Desutsce Bank, Piper Jaffray, Argus and “outperform” ratings by analysts at CLSA and Raymond James. 

Estee Lauder posted its quarterly earnings results on May 5. It reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of US$0.51 by US$0.21. Revenue for the quarter was US$2.58bn for the quarter, exceeding the consensus estimate of US$2.54 million.