Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Bought by Boston Partners

Boston Partners lifted its holdings in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 276.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,674,169 shares of the company’s stock after purchasing an additional 4,899,171 shares during the quarter. Boston Partners owned about 1.01% of Olaplex worth $11,257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OLPX. Abel Hall LLC grew its stake in shares of Olaplex by 68.1% in the third quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock worth $43,000 after acquiring an additional 7,397 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Olaplex by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,688 shares of the company’s stock valued at $1,861,000 after purchasing an additional 9,661 shares during the period. Chemistry Wealth Management LLC acquired a new position in Olaplex during the 4th quarter worth $25,000. Parkside Financial Bank & Trust raised its position in Olaplex by 290.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock valued at $37,000 after purchasing an additional 15,911 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new position in shares of Olaplex in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OLPX shares. Barclays upped their target price on shares of Olaplex from $1.50 to $1.70 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Piper Sandler raised their price objective on shares of Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research note on Wednesday, March 12th.

Insider Activity

In other news, insider Trisha L. Fox sold 26,526 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 461,548 shares of the company’s stock, valued at approximately $664,629.12. The trade was a 5.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel John C. Duffy sold 35,013 shares of the firm’s 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 transaction, the general counsel now owns 348,630 shares in the company, valued at $502,027.20. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Olaplex Stock Performance

Shares of OLPX opened at $1.35 on Friday. The company has a market capitalization of $897.24 million, a price-to-earnings ratio of 22.50 and a beta of 2.44. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. 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 has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.84.

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.