Charles Schwab Investment Management Inc. Purchases 9,661 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Charles Schwab Investment Management Inc. raised its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,075,688 shares of the company’s stock after acquiring an additional 9,661 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Olaplex were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Ninety One UK Ltd boosted its position in shares of Olaplex by 99.3% in the 4th quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock worth $7,335,000 after purchasing an additional 2,112,009 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Olaplex by 14.5% during the third quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock worth $8,717,000 after buying an additional 468,570 shares during the last quarter. Jane Street Group LLC grew its position in shares of Olaplex by 5,728.5% during the 3rd quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock worth $6,188,000 after buying an additional 2,588,216 shares during the period. Franklin Resources Inc. bought a new stake in shares of Olaplex in the 3rd quarter valued at about $664,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Olaplex in the 3rd quarter valued at approximately $395,000. 87.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Olaplex Stock Performance

Shares of OLPX opened at $1.32 on Friday. The firm has a market cap of $877.30 million, a P/E ratio of 22.00 and a beta of 2.44. Olaplex Holdings, Inc. has a twelve month low of $1.19 and a twelve month high of $2.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The firm’s 50 day moving average price is $1.46 and its two-hundred day moving average price is $1.81.

Insider Buying and Selling

In other Olaplex news, insider Trisha L. Fox sold 26,526 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $38,197.44. Following the completion of the transaction, the insider now owns 461,548 shares in the company, valued at approximately $664,629.12. This represents 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 business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.44, for a total value of $50,418.72. Following the completion of the sale, the general counsel now owns 348,630 shares in the company, valued at $502,027.20. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company 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.