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:ODDFree Report) 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.

Read Our Latest Analysis on ODD

Oddity Tech Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Oddity Tech (NASDAQ:ODD)

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