Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 49.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,052 shares of the company’s stock after acquiring an additional 12,852 shares during the period. ProShare Advisors LLC’s holdings in Olaplex were worth $68,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OLPX. T. Rowe Price Investment Management Inc. grew its stake in shares of Olaplex by 181.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company’s stock valued at $42,387,000 after acquiring an additional 15,800,642 shares in the last quarter. Boston Partners grew its stake in shares of Olaplex by 276.0% during the fourth quarter. Boston Partners now owns 6,674,169 shares of the company’s stock valued at $11,257,000 after acquiring an additional 4,899,171 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock valued at $7,335,000 after acquiring an additional 2,112,009 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Olaplex by 162.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock valued at $4,008,000 after acquiring an additional 1,432,400 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Olaplex by 620.8% in the fourth quarter. Marshall Wace LLP now owns 1,001,339 shares of the company’s stock worth $1,732,000 after purchasing an additional 862,419 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Olaplex

In related news, insider Trisha L. Fox sold 26,526 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $38,197.44. Following the completion of the transaction, the insider now directly owns 461,548 shares of the company’s stock, valued at $664,629.12. This represents a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel John C. Duffy sold 35,013 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $50,418.72. Following the completion of the transaction, the general counsel now directly owns 348,630 shares of the company’s stock, valued at $502,027.20. This trade represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,109 shares of company stock worth $123,538. 4.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on OLPX shares. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research note on Friday, May 9th. Wall Street Zen cut Olaplex from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. Finally, Barclays upped their price objective on Olaplex from $1.20 to $1.40 and gave the company an “equal weight” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, Olaplex presently has a consensus rating of “Hold” and an average price target of $1.85.

Olaplex Trading Up 6.3%

Shares of NASDAQ OLPX opened at $1.36 on Wednesday. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $1.26 and its two-hundred day moving average price is $1.51. Olaplex Holdings, Inc. has a 52-week low of $1.01 and a 52-week high of $2.77. The stock has a market capitalization of $905.43 million, a P/E ratio of 22.67 and a beta of 2.37.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.02). The company had revenue of $96.98 million for the quarter, compared to analyst estimates of $93.82 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, analysts anticipate that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

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.