Fmr LLC Lowers Stake in Oddity Tech Ltd. (NASDAQ:ODD)

FMR LLC decreased its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,877,635 shares of the company's stock after selling 52,311 shares during the period. FMR LLC owned about 6.82% of Oddity Tech worth $162,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ODD. Wellington Management Group LLP acquired a new stake in shares of Oddity Tech in the third quarter worth approximately $12,085,000. Norges Bank acquired a new stake in Oddity Tech during the 4th quarter worth $9,470,000. New York State Common Retirement Fund grew its holdings in shares of Oddity Tech by 18,799.2% during the fourth quarter. New York State Common Retirement Fund now owns 144,390 shares of the company's stock worth $6,067,000 after buying an additional 143,626 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Oddity Tech by 37.7% in 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 last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Oddity Tech in the fourth quarter worth about $1,767,000. Hedge funds and other institutional investors own 35.88% of the company's stock.

Oddity Tech Stock Performance

Shares of Oddity Tech stock traded up $1.49 during trading hours on Friday, hitting $41.95. The company's stock had a trading volume of 310,809 shares, compared to its average volume of 518,877. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a twelve month low of $30.34 and a twelve month high of $51.00. The firm has a fifty day moving average of $43.41 and a 200-day moving average of $43.48.

Wall Street Analysts Forecast Growth

ODD has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Bank of America increased their price target on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. began coverage on Oddity Tech in a research note on Friday, January 31st. They set an "overweight" rating and a $55.00 price objective on the stock. Finally, KeyCorp cut their target price on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $52.14.

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.