Massachusetts Financial Services Co. MA Has $53.92 Million Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Massachusetts Financial Services Co. MA grew its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,283,074 shares of the company's stock after purchasing an additional 11,716 shares during the period. Massachusetts Financial Services Co. MA owned about 2.26% of Oddity Tech worth $53,915,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ODD. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech in the fourth quarter worth about $42,000. R Squared Ltd acquired a new stake in Oddity Tech during the 4th quarter worth $61,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Oddity Tech in the 3rd quarter valued at approximately $99,000. Quarry LP bought a new stake in Oddity Tech during the 3rd quarter worth approximately $122,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Oddity Tech during the 4th quarter worth approximately $246,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Oddity Tech Stock Down 6.1 %

Shares of ODD traded down $2.63 during mid-day trading on Thursday, hitting $40.18. 126,684 shares of the company's stock were exchanged, compared to its average volume of 526,355. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. The stock's 50-day simple moving average is $43.95 and its 200-day simple moving average is $43.38. Oddity Tech Ltd. has a 52 week low of $30.34 and a 52 week high of $51.00.

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Analyst Ratings Changes

A number of brokerages recently weighed in on ODD. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a research note on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price for the company. KeyCorp boosted their target price on Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Morgan Stanley upped their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Barclays raised their target price 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. Finally, The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a "neutral" rating and a $48.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.43.

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.