Oddity Tech Ltd. (NASDAQ:ODD) Position Reduced by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,969,581 shares of the company’s stock after selling 189,740 shares during the quarter. Baillie Gifford & Co. owned approximately 0.10% of Oddity Tech worth $250,842,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after buying an additional 566 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Oddity Tech by 44.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 20,280 shares of the company’s stock worth $819,000 after buying an additional 6,280 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Oddity Tech by 267.9% in the 3rd quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock worth $1,238,000 after buying an additional 22,319 shares during the last quarter. Aurora Investment Counsel bought a new position in shares of Oddity Tech in the 3rd quarter worth about $2,056,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Oddity Tech by 4.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock worth $2,387,000 after buying an additional 2,665 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ODD. KeyCorp raised their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a research report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target on the stock. Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group began coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.11.

Oddity Tech Trading Down 1.5 %

Oddity Tech stock opened at $43.00 on Monday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.57 and a beta of 4.34. The company’s 50-day moving average price is $44.88 and its two-hundred day moving average price is $41.60. Oddity Tech Ltd. has a 52 week low of $30.34 and a 52 week high of $51.00.

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.