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

Bank of New York Mellon Corp decreased its position in Oddity Tech Ltd. (NASDAQ:ODD) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,615 shares of the company’s stock after selling 11,365 shares during the quarter. Bank of New York Mellon Corp’s holdings in Oddity Tech were worth $5,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ODD. Bamco Inc. NY lifted its holdings in Oddity Tech by 0.8% during the third quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock worth $50,315,000 after acquiring an additional 9,665 shares during the period. Janus Henderson Group PLC raised its stake in shares of Oddity Tech by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock worth $19,877,000 after purchasing an additional 49,101 shares during the period. Wellington Management Group LLP bought a new stake in shares of Oddity Tech during the 3rd quarter worth $12,085,000. State Street Corp boosted its holdings in shares of Oddity Tech by 5.7% in the 3rd quarter. State Street Corp now owns 236,199 shares of the company’s stock worth $9,538,000 after buying an additional 12,700 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its position in Oddity Tech by 1.9% during the fourth quarter. Peregrine Capital Management LLC now owns 146,155 shares of the company’s stock valued at $6,141,000 after buying an additional 2,719 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Performance

NASDAQ:ODD opened at $46.58 on Tuesday. The business’s fifty day moving average is $44.63 and its 200 day moving average is $42.49. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.48 and a beta of 4.20. Oddity Tech Ltd. has a 52-week low of $30.34 and a 52-week high of $51.00.

Wall Street Analyst Weigh In

ODD has been the topic of several research reports. Barclays lifted their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target on the stock. KeyCorp increased their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Morgan Stanley boosted their target price on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Bank of America increased their price target on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Oddity Tech Company 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.