Vanguard Group Inc. grew its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX – Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,638,957 shares of the company’s stock after acquiring an additional 787,242 shares during the period. Vanguard Group Inc.’s holdings in Olaplex were worth $18,796,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP purchased a new position in shares of Olaplex in the 3rd quarter worth about $82,000. Quadrature Capital Ltd raised its holdings in Olaplex by 34.6% in the third quarter. Quadrature Capital Ltd now owns 74,057 shares of the company’s stock worth $145,000 after buying an additional 19,019 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Olaplex by 579.2% in the third quarter. Panagora Asset Management Inc. now owns 296,499 shares of the company’s stock worth $578,000 after buying an additional 252,848 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Olaplex by 346.6% during the third quarter. Citigroup Inc. now owns 57,045 shares of the company’s stock valued at $111,000 after buying an additional 44,271 shares during the last quarter. Finally, Procyon Advisors LLC purchased a new stake in shares of Olaplex during the third quarter valued at approximately $39,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.
Olaplex Price Performance
Shares of OLPX stock opened at $1.44 on Monday. Olaplex Holdings, Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $4.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.21 and a current ratio of 10.92. The firm has a market capitalization of $951.49 million, a price-to-earnings ratio of 16.00 and a beta of 2.28. The stock’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $2.01.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on OLPX shares. Truist Financial cut their target price on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a report on Friday, April 5th. Finally, Piper Sandler upgraded Olaplex from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $1.25 to $2.00 in a research note on Tuesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.59.
View Our Latest Stock Report on Olaplex
Olaplex 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 Articles
- Five stocks we like better than Olaplex
- Dividend Capture Strategy: What You Need to Know
- 5 Trends You Need to Know This Quarter
- What is a buyback in stocks? A comprehensive guide for investors
- MarketBeat Week in Review – 4/8 – 4/12
- ETF Screener: Uses and Step-by-Step Guide
- You Can Follow BlackRock’s Market View for Your Money
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.