Jane Street Group LLC Boosts Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Jane Street Group LLC lifted its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 5,728.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,633,397 shares of the company's stock after acquiring an additional 2,588,216 shares during the quarter. Jane Street Group LLC owned 0.40% of Olaplex worth $6,188,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Olaplex by 27.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company's stock valued at $60,000 after purchasing an additional 6,614 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Olaplex during the 2nd quarter valued at approximately $43,000. Catalina Capital Group LLC boosted its stake in shares of Olaplex by 51.3% during the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company's stock worth $37,000 after acquiring an additional 8,172 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Olaplex by 29.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 942,288 shares of the company's stock worth $1,451,000 after acquiring an additional 212,129 shares during the period. Finally, Rhumbline Advisers increased its stake in Olaplex by 34.9% in the 2nd quarter. Rhumbline Advisers now owns 153,442 shares of the company's stock valued at $236,000 after purchasing an additional 39,698 shares in the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John P. Bilbrey acquired 51,697 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $1.75 per share, with a total value of $90,469.75. Following the purchase, the director now directly owns 318,418 shares of the company's stock, valued at approximately $557,231.50. This represents a 19.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.20% of the company's stock.

Olaplex Trading Down 0.5 %

Shares of Olaplex stock traded down $0.01 during mid-day trading on Monday, hitting $2.09. 1,203,461 shares of the stock were exchanged, compared to its average volume of 2,394,883. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 34.84 and a beta of 2.48. Olaplex Holdings, Inc. has a twelve month low of $1.19 and a twelve month high of $2.98. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $1.98.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays dropped their price target 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 restated a "market perform" rating and set a $3.00 target price on shares of Olaplex in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.