Clal Insurance Enterprises Holdings Ltd Sells 235,321 Shares of ODDITY Tech Ltd. $ODD

Clal Insurance Enterprises Holdings Ltd trimmed its holdings in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 45.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 280,300 shares of the company’s stock after selling 235,321 shares during the period. Clal Insurance Enterprises Holdings Ltd owned approximately 0.50% of ODDITY Tech worth $21,154,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ODD. Acadian Asset Management LLC lifted its position in shares of ODDITY Tech by 507.8% during the 2nd quarter. Acadian Asset Management LLC now owns 821,759 shares of the company’s stock valued at $61,984,000 after acquiring an additional 686,549 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of ODDITY Tech by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,709,195 shares of the company’s stock valued at $128,993,000 after purchasing an additional 419,702 shares during the period. Woodline Partners LP boosted its position in shares of ODDITY Tech by 239.1% during the 1st quarter. Woodline Partners LP now owns 440,533 shares of the company’s stock worth $19,057,000 after purchasing an additional 310,602 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of ODDITY Tech by 4.8% during the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company’s stock worth $270,605,000 after purchasing an additional 285,745 shares in the last quarter. Finally, Amundi acquired a new stake in shares of ODDITY Tech in the 1st quarter valued at about $4,926,000. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Trading Down 1.7%

NASDAQ ODD opened at $36.58 on Wednesday. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $51.87 and a 200 day simple moving average of $62.28. ODDITY Tech Ltd. has a 12 month low of $35.30 and a 12 month high of $79.18. The firm has a market capitalization of $2.04 billion, a P/E ratio of 20.32, a PEG ratio of 1.77 and a beta of 3.15.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp cut their price target on ODDITY Tech from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of ODDITY Tech from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of ODDITY Tech in a report on Tuesday, September 23rd. Finally, Jefferies Financial Group began coverage on shares of ODDITY Tech in a report on Wednesday, September 24th. They set a “buy” rating and a $78.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.90.

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.