JPMorgan Chase & Co. Sells 270,798 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

JPMorgan Chase & Co. lessened its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 68.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 124,102 shares of the company's stock after selling 270,798 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Oddity Tech worth $5,011,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hood River Capital Management LLC bought a new position in Oddity Tech during the 2nd quarter worth approximately $23,397,000. Wellington Management Group LLP bought a new position in Oddity Tech during the 3rd quarter worth approximately $12,085,000. Cubist Systematic Strategies LLC bought a new position in Oddity Tech during the 2nd quarter worth approximately $6,744,000. Renaissance Technologies LLC bought a new position in Oddity Tech during the 2nd quarter worth approximately $3,722,000. Finally, Aurora Investment Counsel bought a new position in Oddity Tech during the 3rd quarter worth approximately $2,056,000. Institutional investors own 35.88% of the company's stock.

Oddity Tech Stock Up 1.0 %

NASDAQ ODD opened at $43.84 on Friday. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00. The company has a market capitalization of $2.49 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.40 and a beta of 4.30. The firm's 50 day moving average is $44.77 and its 200-day moving average is $41.00.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company had revenue of $119.00 million for the quarter, compared to the consensus estimate of $116.47 million. During the same period last year, the company earned $0.06 earnings per share. The firm's revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts expect that Oddity Tech Ltd. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ODD. Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. KeyCorp lifted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group started coverage on shares of Oddity Tech in a report on Friday, December 13th. They set a "neutral" rating and a $48.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Oddity Tech presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.88.

Oddity Tech 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.