Pitcairn Co. grew its position in Olaplex Holdings, Inc. (NASDAQ:OLPX – Free Report) by 107.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,023 shares of the company’s stock after buying an additional 37,308 shares during the quarter. Pitcairn Co.’s holdings in Olaplex were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Olaplex by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company’s stock worth $22,915,000 after purchasing an additional 929,693 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Olaplex during the 4th quarter worth $3,996,000. Sanders Morris Harris LLC acquired a new position in Olaplex during the 1st quarter worth $660,000. Allspring Global Investments Holdings LLC grew its stake in Olaplex by 119,729.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 336,722 shares of the company’s stock worth $855,000 after purchasing an additional 336,441 shares in the last quarter. Finally, Norden Group LLC acquired a new position in Olaplex during the 1st quarter worth $563,000. 87.37% of the stock is owned by institutional investors and hedge funds.
Olaplex Stock Up 3.7 %
Olaplex stock opened at $2.26 on Friday. Olaplex Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $4.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 9.12 and a current ratio of 10.71. The company has a market capitalization of $1.50 billion, a P/E ratio of 31.14 and a beta of 2.41. The stock has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $1.81.
Wall Street Analyst Weigh In
Separately, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research note on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.51.
Read Our Latest Report on OLPX
Insiders Place Their Bets
In other Olaplex news, VP Kristi A. Belhumeur sold 42,480 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1.68, for a total transaction of $71,366.40. Following the completion of the sale, the vice president now directly owns 294,553 shares of the company’s stock, valued at approximately $494,849.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.20% of the stock is owned by insiders.
Olaplex Company Profile
Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.
Featured Stories
- Five stocks we like better than Olaplex
- Airline Stocks – Top Airline Stocks to Buy Now
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Do ETFs Pay Dividends? What You Need to Know
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- How to Use the MarketBeat Dividend Calculator
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Want to see what other hedge funds are holding OLPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olaplex Holdings, Inc. (NASDAQ:OLPX – Free Report).
Receive News & Ratings for Olaplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olaplex and related companies with MarketBeat.com's FREE daily email newsletter.