Marshall Wace LLP Purchases 68,020 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Marshall Wace LLP lifted its position in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 53.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 194,901 shares of the company's stock after acquiring an additional 68,020 shares during the quarter. Marshall Wace LLP owned approximately 0.34% of Oddity Tech worth $8,190,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Oddity Tech by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company's stock worth $53,915,000 after acquiring an additional 11,716 shares in the last quarter. Ibex Investors LLC lifted its holdings in Oddity Tech by 46.5% during the 4th quarter. Ibex Investors LLC now owns 315,000 shares of the company's stock worth $13,236,000 after purchasing an additional 100,000 shares in the last quarter. State Street Corp boosted its stake in Oddity Tech by 5.7% in the 3rd quarter. State Street Corp now owns 236,199 shares of the company's stock worth $9,538,000 after purchasing an additional 12,700 shares during the period. Norges Bank purchased a new position in Oddity Tech during the 4th quarter valued at about $9,470,000. Finally, JPMorgan Chase & Co. increased its position in shares of Oddity Tech by 37.7% during the fourth quarter. JPMorgan Chase & Co. now owns 170,878 shares of the company's stock valued at $7,180,000 after buying an additional 46,776 shares during the period. Hedge funds and other institutional investors own 35.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ODD shares. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday. KeyCorp reduced their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America boosted their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Barclays lifted their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Oddity Tech has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

Oddity Tech Price Performance

ODD opened at $41.53 on Wednesday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The business has a 50 day simple moving average of $43.38 and a two-hundred day simple moving average of $43.52.

About Oddity Tech

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.

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