Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 14.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,708,821 shares of the company's stock after purchasing an additional 468,570 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Olaplex worth $8,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLPX. Ballentine Partners LLC purchased a new stake in Olaplex in the 3rd quarter valued at $28,000. Quarry LP purchased a new stake in shares of Olaplex in the second quarter valued at approximately $33,000. Cinctive Capital Management LP purchased a new position in shares of Olaplex in the 3rd quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Olaplex by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company's stock valued at $40,000 after acquiring an additional 7,235 shares during the period. Finally, Abel Hall LLC grew its holdings in Olaplex by 68.1% in the third quarter. Abel Hall LLC now owns 18,261 shares of the company's stock valued at $43,000 after purchasing an additional 7,397 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company's stock.

Insider Activity at Olaplex

In other Olaplex news, Director John P. Bilbrey bought 51,697 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $1.75 per share, with a total value of $90,469.75. Following the completion of the transaction, the director now owns 318,418 shares in the company, valued at $557,231.50. The trade was a 19.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by insiders.

Olaplex Trading Down 3.6 %

Shares of NASDAQ OLPX traded down $0.06 during trading on Friday, hitting $1.63. 1,311,815 shares of the company traded hands, compared to its average volume of 1,244,558. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.08 billion, a P/E ratio of 27.17 and a beta of 2.48. The company has a 50-day moving average price of $1.91 and a 200-day moving average price of $1.97. Olaplex Holdings, Inc. has a 1 year low of $1.19 and a 1 year high of $2.77.

Olaplex (NASDAQ:OLPX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The company had revenue of $119.10 million for the quarter, compared to the consensus estimate of $126.51 million. During the same period last year, the business posted $0.05 EPS. The company's quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

Analyst Ratings Changes

OLPX has been the subject of several research reports. Barclays cut their price objective on Olaplex from $2.00 to $1.50 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $3.00 price objective on shares of Olaplex in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $2.30.

Olaplex Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.