Y Intercept Hong Kong Ltd Buys Shares of 127,197 Olo Inc. (NYSE:OLO)

Y Intercept Hong Kong Ltd bought a new stake in shares of Olo Inc. (NYSE:OLO) in the third quarter, HoldingsChannel reports. The institutional investor bought 127,197 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in OLO by 6.1% during the second quarter. The Manufacturers Life Insurance Company now owns 42,023 shares of the company’s stock valued at $186,000 after buying an additional 2,433 shares during the last quarter. MQS Management LLC increased its holdings in OLO by 15.9% during the third quarter. MQS Management LLC now owns 28,363 shares of the company’s stock valued at $141,000 after buying an additional 3,898 shares during the last quarter. Creative Planning increased its holdings in OLO by 15.1% during the third quarter. Creative Planning now owns 30,371 shares of the company’s stock valued at $151,000 after buying an additional 3,974 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in OLO by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,240 shares of the company’s stock valued at $265,000 after buying an additional 4,382 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in OLO by 52.7% during the second quarter. Point72 DIFC Ltd now owns 14,388 shares of the company’s stock valued at $64,000 after buying an additional 4,964 shares during the last quarter. 93.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of OLO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

OLO Price Performance

OLO opened at $7.71 on Friday. The firm has a market cap of $1.26 billion, a P/E ratio of -77.10 and a beta of 1.46. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $7.89. The company has a 50 day simple moving average of $6.06 and a two-hundred day simple moving average of $5.25.

About OLO

Olo Inc operates an open SaaS platform for restaurants in the United States. The company’s platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands’ on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants’ direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.