Franklin Resources Inc. Has $99.34 Million Position in Oddity Tech Ltd. (NASDAQ:ODD)

Franklin Resources Inc. cut its position in Oddity Tech Ltd. (NASDAQ:ODD) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,364,068 shares of the company’s stock after selling 275,624 shares during the period. Franklin Resources Inc.’s holdings in Oddity Tech were worth $99,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC raised its position in shares of Oddity Tech by 11.1% during the third quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock worth $19,877,000 after acquiring an additional 49,101 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Oddity Tech during the third quarter valued at approximately $12,085,000. State Street Corp boosted its stake 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. Norges Bank purchased a new stake in shares of Oddity Tech during the fourth quarter worth about $9,470,000. Finally, JPMorgan Chase & Co. boosted 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 buying an additional 46,776 shares during the period. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Trading Up 5.8 %

NASDAQ:ODD opened at $47.61 on Thursday. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $51.00. The company has a market capitalization of $2.66 billion, a P/E ratio of 29.03, a PEG ratio of 1.48 and a beta of 4.20. The firm has a fifty day simple moving average of $44.70 and a 200-day simple moving average of $43.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ODD shares. Barclays lifted their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group started coverage on Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. KeyCorp boosted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.00.

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.