Catterton Management Company L.L.C. Has $169.66 Million Stock Position in Oddity Tech Ltd. (NASDAQ:ODD)

Catterton Management Company L.L.C. lessened its position in Oddity Tech Ltd. (NASDAQ:ODD) by 47.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,037,472 shares of the company’s stock after selling 3,602,885 shares during the period. Oddity Tech comprises approximately 2.1% of Catterton Management Company L.L.C.’s holdings, making the stock its 2nd biggest holding. Catterton Management Company L.L.C. owned about 7.10% of Oddity Tech worth $169,655,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Oddity Tech in the 4th quarter valued at $9,470,000. New York State Common Retirement Fund raised its holdings in shares of Oddity Tech by 18,799.2% in the fourth quarter. New York State Common Retirement Fund now owns 144,390 shares of the company’s stock valued at $6,067,000 after buying an additional 143,626 shares during the last quarter. Ibex Investors LLC raised its holdings in shares of Oddity Tech by 46.5% in the fourth quarter. Ibex Investors LLC now owns 315,000 shares of the company’s stock valued at $13,236,000 after buying an additional 100,000 shares during the last quarter. Marshall Wace LLP lifted its position in Oddity Tech by 53.6% during the 4th quarter. Marshall Wace LLP now owns 194,901 shares of the company’s stock worth $8,190,000 after buying an additional 68,020 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Oddity Tech by 37.7% during the 4th quarter. JPMorgan Chase & Co. now owns 170,878 shares of the company’s stock worth $7,180,000 after acquiring an additional 46,776 shares during the last quarter. Institutional investors own 35.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ODD. JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price for the company. Bank of America upped their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Barclays lifted their target price 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, KeyCorp dropped their target price on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Oddity Tech has an average rating of “Moderate Buy” and an average price target of $52.14.

Oddity Tech Stock Down 1.5 %

NASDAQ:ODD opened at $40.46 on Thursday. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00. The stock’s fifty day simple moving average is $43.42 and its 200-day simple moving average is $43.47. The firm has a market capitalization of $2.26 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.48 and a beta of 3.73.

About Oddity Tech

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.