Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 33.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,813,044 shares of the company's stock after selling 1,426,752 shares during the quarter. Ninety One UK Ltd owned about 0.42% of Olaplex worth $3,573,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OLPX. Teacher Retirement System of Texas acquired a new stake in Olaplex during the 1st quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new stake in Olaplex during the 1st quarter worth about $239,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Olaplex by 60.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,782 shares of the company's stock worth $356,000 after acquiring an additional 77,444 shares during the period. State of Wyoming lifted its position in Olaplex by 53.6% during the 4th quarter. State of Wyoming now owns 301,253 shares of the company's stock worth $521,000 after acquiring an additional 105,164 shares during the period. Finally, ProShare Advisors LLC lifted its position in Olaplex by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after acquiring an additional 12,852 shares during the period. Institutional investors and hedge funds own 87.37% of the company's stock.

Olaplex Stock Performance

Shares of OLPX stock traded down $0.05 on Friday, hitting $1.44. The company had a trading volume of 670,918 shares, compared to its average volume of 1,973,281. The company has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.41. Olaplex Holdings, Inc. has a twelve month low of $1.01 and a twelve month high of $2.77. The company has a quick ratio of 9.53, a current ratio of 10.74 and a debt-to-equity ratio of 0.73. The firm has a market cap of $958.69 million, a P/E ratio of 72.04 and a beta of 2.33.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.02). Olaplex had a net margin of 2.91% and a return on equity of 6.36%. The firm had revenue of $96.98 million during the quarter, compared to analyst estimates of $93.82 million. During the same period in the prior year, the company posted $0.03 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen cut Olaplex from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Telsey Advisory Group reissued a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a report on Friday, May 9th. Finally, Barclays boosted their price objective on Olaplex from $1.20 to $1.40 and gave the company an "equal weight" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, Olaplex presently has a consensus rating of "Hold" and an average target price of $1.85.

Olaplex Company 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.