Wellington Management Group LLP Has $4.92 Million Stock Position in Oddity Tech Ltd. (NASDAQ:ODD)

Wellington Management Group LLP lessened its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 60.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,002 shares of the company’s stock after selling 182,275 shares during the quarter. Wellington Management Group LLP’s holdings in Oddity Tech were worth $4,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake 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 purchasing an additional 12,700 shares during the period. Norges Bank acquired a new stake in Oddity Tech in the 4th quarter valued at $9,470,000. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 46,776 shares during the period. Peregrine Capital Management LLC raised its stake in Oddity Tech by 1.9% during the fourth quarter. Peregrine Capital Management LLC now owns 146,155 shares of the company’s stock worth $6,141,000 after acquiring an additional 2,719 shares in the last quarter. Finally, New York State Common Retirement Fund lifted 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 valued at $6,067,000 after acquiring an additional 143,626 shares during the period. 35.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ODD has been the topic of several analyst reports. JPMorgan Chase & Co. started coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price on the stock. Morgan Stanley raised their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Bank of America boosted their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. The Goldman Sachs Group began coverage on Oddity Tech in a report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target for the company. Finally, Barclays increased their target price on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Oddity Tech currently has a consensus rating of “Moderate Buy” and an average price target of $52.43.

Oddity Tech Trading Down 2.7 %

Oddity Tech stock opened at $41.65 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 25.40, a PEG ratio of 1.48 and a beta of 3.73. The business has a 50-day moving average of $43.84 and a 200-day moving average of $43.42. Oddity Tech Ltd. has a 1 year low of $30.34 and a 1 year high of $51.00.

Oddity Tech 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.