Massachusetts Financial Services Co. MA Buys 11,716 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Massachusetts Financial Services Co. MA boosted its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,283,074 shares of the company’s stock after buying an additional 11,716 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.26% of Oddity Tech worth $53,915,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Oddity Tech during the third quarter worth $12,085,000. Norges Bank acquired a new stake in Oddity Tech during the 4th quarter worth about $9,470,000. New York State Common Retirement Fund raised its position in shares of Oddity Tech by 18,799.2% in the 4th quarter. New York State Common Retirement Fund now owns 144,390 shares of the company’s stock worth $6,067,000 after acquiring an additional 143,626 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Oddity Tech by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock valued at $19,877,000 after purchasing an additional 49,101 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Oddity Tech by 37.7% during the fourth quarter. JPMorgan Chase & Co. now owns 170,878 shares of the company’s stock worth $7,180,000 after purchasing an additional 46,776 shares during the period. Institutional investors own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ODD shares. JPMorgan Chase & Co. assumed coverage on Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target on the stock. KeyCorp boosted their target price on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group started coverage on Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. Barclays raised their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Three equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $52.43.

Oddity Tech Trading Down 8.0 %

NASDAQ ODD opened at $37.97 on Friday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 23.15, a PEG ratio of 1.48 and a beta of 3.73. The business has a fifty day simple moving average of $44.52 and a 200 day simple moving average of $43.29. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $51.00.

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.