Fmr LLC Sells 52,311 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Fmr LLC trimmed its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,877,635 shares of the company’s stock after selling 52,311 shares during the quarter. Fmr LLC owned approximately 6.82% of Oddity Tech worth $162,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC bought a new stake in Oddity Tech during the fourth quarter valued at $42,000. R Squared Ltd acquired a new position in shares of Oddity Tech in the 4th quarter valued at about $61,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Oddity Tech during the 3rd quarter valued at about $99,000. Wells Fargo & Company MN grew its stake in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after purchasing an additional 449 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Oddity Tech during the fourth quarter worth approximately $246,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Oddity Tech Price Performance

NASDAQ:ODD opened at $41.58 on Monday. 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 $2.32 billion, a PE ratio of 25.35, a PEG ratio of 1.48 and a beta of 3.73. The firm has a 50-day moving average of $43.70 and a 200-day moving average of $43.49.

Analysts Set New Price Targets

A number of research firms have issued reports on ODD. KeyCorp increased their price target on 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 target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. started coverage on shares of Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 price objective on the stock. Finally, Bank of America boosted their target price on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.43.

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.