Capital International Investors Buys 311,401 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Capital International Investors lifted its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,365,744 shares of the company’s stock after purchasing an additional 311,401 shares during the period. Capital International Investors owned 2.40% of Oddity Tech worth $57,389,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ODD. Mark Sheptoff Financial Planning LLC bought a new stake in Oddity Tech during the 4th quarter valued at approximately $42,000. R Squared Ltd purchased a new stake in Oddity Tech in the fourth quarter worth $61,000. Wilmington Savings Fund Society FSB bought a new position in Oddity Tech in the third quarter worth $99,000. Wells Fargo & Company MN lifted its position in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after buying an additional 449 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Oddity Tech during the 4th quarter valued at $246,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Trading Up 3.7 %

Oddity Tech stock opened at $41.95 on Friday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $51.00. The stock has a fifty day simple moving average of $43.42 and a two-hundred day simple moving average of $43.51.

Wall Street Analyst Weigh In

Several research firms recently commented on ODD. KeyCorp dropped their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America boosted their price target on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. 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 report on Thursday, February 27th. Finally, JPMorgan Chase & Co. assumed coverage on Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.14.

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.