665,400 Shares in Olink Holding AB (publ) (NASDAQ:OLK) Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. purchased a new position in Olink Holding AB (publ) (NASDAQ:OLK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 665,400 shares of the company’s stock, valued at approximately $16,735,000. Olink Holding AB (publ) accounts for about 0.9% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in shares of Olink Holding AB (publ) in the third quarter worth $232,000. Wolverine Asset Management LLC purchased a new stake in shares of Olink Holding AB (publ) in the fourth quarter worth $692,000. Trexquant Investment LP grew its stake in shares of Olink Holding AB (publ) by 23.0% in the third quarter. Trexquant Investment LP now owns 33,156 shares of the company’s stock worth $489,000 after acquiring an additional 6,193 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Olink Holding AB (publ) by 3.7% in the third quarter. New York State Common Retirement Fund now owns 67,166 shares of the company’s stock worth $991,000 after acquiring an additional 2,368 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Olink Holding AB (publ) by 73.7% in the third quarter. TD Asset Management Inc now owns 403,924 shares of the company’s stock worth $5,958,000 after acquiring an additional 171,395 shares during the last quarter. 30.19% of the stock is owned by hedge funds and other institutional investors.

Olink Holding AB (publ) Stock Performance

Shares of NASDAQ:OLK traded up $0.23 during midday trading on Wednesday, reaching $22.43. 244,287 shares of the company’s stock traded hands, compared to its average volume of 678,886. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -89.72 and a beta of 0.50. Olink Holding AB has a one year low of $14.10 and a one year high of $26.01. The stock has a 50 day moving average of $23.24 and a 200 day moving average of $24.07.

Olink Holding AB (publ) (NASDAQ:OLK) last announced its quarterly earnings results on Monday, March 25th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The business had revenue of $68.55 million for the quarter, compared to the consensus estimate of $82.80 million. Olink Holding AB (publ) had a negative net margin of 18.63% and a negative return on equity of 6.50%. Sell-side analysts predict that Olink Holding AB will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group reissued a “hold” rating and issued a $26.00 target price on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target on shares of Olink Holding AB (publ) in a report on Tuesday, March 26th.

Olink Holding AB (publ) Profile

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.