Jennison Associates LLC Has $8.56 Million Stock Holdings in Olink Holding AB (publ) (NASDAQ:OLK)

Jennison Associates LLC decreased its position in shares of Olink Holding AB (publ) (NASDAQ:OLK) by 65.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 340,351 shares of the company’s stock after selling 640,485 shares during the period. Jennison Associates LLC’s holdings in Olink Holding AB (publ) were worth $8,560,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc boosted its position in Olink Holding AB (publ) by 73.7% in the third quarter. TD Asset Management Inc now owns 403,924 shares of the company’s stock valued at $5,958,000 after buying an additional 171,395 shares in the last quarter. Trexquant Investment LP boosted its position in Olink Holding AB (publ) by 23.0% in the third quarter. Trexquant Investment LP now owns 33,156 shares of the company’s stock valued at $489,000 after buying an additional 6,193 shares in the last quarter. Rock Springs Capital Management LP boosted its position in Olink Holding AB (publ) by 1.4% in the third quarter. Rock Springs Capital Management LP now owns 1,676,500 shares of the company’s stock valued at $24,728,000 after buying an additional 22,500 shares in the last quarter. New York State Common Retirement Fund boosted its position in Olink Holding AB (publ) by 3.7% in the third quarter. New York State Common Retirement Fund now owns 67,166 shares of the company’s stock valued at $991,000 after buying an additional 2,368 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Olink Holding AB (publ) in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 30.19% of the company’s stock.

Wall Street Analyst Weigh In

OLK has been the subject of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $26.00 price target on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th.

Olink Holding AB (publ) Price Performance

Shares of NASDAQ OLK opened at $22.84 on Friday. Olink Holding AB has a twelve month low of $14.10 and a twelve month high of $26.01. The firm has a fifty day simple moving average of $23.17 and a 200 day simple moving average of $24.12.

Olink Holding AB (publ) (NASDAQ:OLK) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). Olink Holding AB (publ) had a negative net margin of 18.63% and a negative return on equity of 6.50%. The company had revenue of $68.55 million during the quarter, compared to the consensus estimate of $82.80 million. As a group, research analysts anticipate that Olink Holding AB will post -0.18 EPS for the current fiscal year.

About Olink Holding AB (publ)

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.