Olo Inc. (NYSE:OLO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Olo Inc. (NYSE:OLO) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,677 shares of the company’s stock after selling 36,050 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of OLO worth $683,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in OLO by 1,850.5% during the third quarter. FMR LLC now owns 22,021 shares of the company’s stock worth $109,000 after acquiring an additional 20,892 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of OLO by 16.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 54,312 shares of the company’s stock worth $269,000 after purchasing an additional 7,688 shares during the period. Algert Global LLC increased its position in shares of OLO by 9.6% during the 3rd quarter. Algert Global LLC now owns 778,395 shares of the company’s stock worth $3,861,000 after purchasing an additional 68,076 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of OLO by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock worth $5,049,000 after purchasing an additional 127,569 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in OLO in the 3rd quarter valued at about $1,600,000. 93.40% of the stock is currently owned by institutional investors and hedge funds.

OLO Stock Up 1.2 %

Shares of NYSE OLO opened at $7.64 on Friday. The business’s 50 day moving average is $6.31 and its two-hundred day moving average is $5.33. Olo Inc. has a 52-week low of $4.20 and a 52-week high of $8.18. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -76.39 and a beta of 1.46.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

About OLO

Olo Inc operates an open SaaS platform for restaurants in the United States. The company’s platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands’ on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants’ direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.