Fmr LLC Cuts Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

FMR LLC lessened its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,877,635 shares of the company's stock after selling 52,311 shares during the period. FMR LLC owned 6.82% of Oddity Tech worth $162,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new stake in Oddity Tech in the fourth quarter worth about $797,000. Harbor Capital Advisors Inc. purchased a new stake in Oddity Tech during the 4th quarter worth approximately $1,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oddity Tech by 4.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company's stock valued at $2,387,000 after purchasing an additional 2,665 shares in the last quarter. State Street Corp raised its holdings in shares of Oddity Tech by 5.7% in the third quarter. State Street Corp now owns 236,199 shares of the company's stock worth $9,538,000 after buying an additional 12,700 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock worth $260,000 after buying an additional 1,603 shares during the period. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Trading Down 1.5 %

Shares of NASDAQ ODD traded down $0.62 during trading on Wednesday, reaching $40.46. 356,551 shares of the company traded hands, compared to its average volume of 521,558. The stock has a market cap of $2.26 billion, a P/E ratio of 24.67, a PEG ratio of 1.48 and a beta of 3.73. The firm's fifty day simple moving average is $43.46 and its 200 day simple moving average is $43.49. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price on the stock. Barclays boosted their price target on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. KeyCorp reduced their price objective on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Bank of America lifted their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.14.

Oddity Tech Company Profile

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.