Bank of New York Mellon Corp Sells 11,365 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Bank of New York Mellon Corp lessened its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,615 shares of the company’s stock after selling 11,365 shares during the period. Bank of New York Mellon Corp owned about 0.22% of Oddity Tech worth $5,194,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. D.A. Davidson & CO. grew its stake in Oddity Tech by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company’s stock worth $1,086,000 after buying an additional 273 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $2,569,000 after acquiring an additional 750 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Oddity Tech by 49.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company’s stock valued at $153,000 after acquiring an additional 1,200 shares during the last quarter. R Squared Ltd acquired a new position in Oddity Tech during the fourth quarter valued at approximately $61,000. Finally, Blue Trust Inc. lifted its stake in Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock worth $260,000 after purchasing an additional 1,603 shares during the last quarter. 35.88% of the stock is owned by institutional investors.

Oddity Tech Price Performance

Shares of ODD opened at $46.58 on Tuesday. The stock has a 50-day moving average of $44.63 and a 200-day moving average of $42.49. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The company has a market cap of $2.60 billion, a PE ratio of 28.40, a P/E/G ratio of 1.48 and a beta of 4.20.

Analysts Set New Price Targets

ODD has been the subject of a number of research reports. Morgan Stanley increased their target price 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. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price on the stock. KeyCorp upped their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Barclays raised their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Bank of America upped 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.