Capital International Investors Increases Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Capital International Investors raised its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 29.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,365,744 shares of the company's stock after buying an additional 311,401 shares during the period. Capital International Investors owned about 2.40% of Oddity Tech worth $57,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in Oddity Tech by 5.7% during the third quarter. State Street Corp now owns 236,199 shares of the company's stock worth $9,538,000 after buying an additional 12,700 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Oddity Tech during the 3rd quarter worth about $349,000. Geode Capital Management LLC grew its position in shares of Oddity Tech by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock valued at $2,569,000 after acquiring an additional 750 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the 3rd quarter valued at about $99,000. Finally, Nordea Investment Management AB acquired a new position in Oddity Tech in the 4th quarter worth about $797,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Analyst Ratings Changes

ODD has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday. Bank of America increased their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JMP Securities restated a "market outperform" rating and set a $66.00 target price on shares of Oddity Tech in a report on Tuesday. KeyCorp cut their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Barclays boosted their price objective on 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.25.

Oddity Tech Price Performance

Shares of ODD stock traded up $0.10 during trading hours on Friday, reaching $44.00. 134,433 shares of the stock were exchanged, compared to its average volume of 511,484. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00. The business's fifty day moving average is $43.38 and its two-hundred day moving average is $43.54. The firm has a market capitalization of $2.46 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.48 and a beta of 3.73.

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.