Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in Oatly Group AB by 85.7% in the first quarter, owning only 60,820 shares after selling 364,787 shares.
• Several analysts have adjusted their target prices for Oatly Group, with DA Davidson raising it to $17.00 while Piper Sandler lowered it to $12.00.
• Oatly Group stock is currently priced at $16.53, marking a 9.7% increase, with an approximate market capitalization of $494.74 million.

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 85.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 60,820 shares of the company's stock after selling 364,787 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.20% of Oatly Group worth $598,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in OTLY. GAMMA Investing LLC acquired a new position in shares of Oatly Group in the first quarter valued at about $1,730,000. Two Sigma Advisers LP acquired a new position in Oatly Group in the 4th quarter worth approximately $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oatly Group by 63.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock worth $128,000 after buying an additional 75,132 shares during the last quarter. Jane Street Group LLC raised its position in Oatly Group by 52.5% during the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after buying an additional 75,209 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Oatly Group by 463.2% during the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after acquiring an additional 77,600 shares during the period. Hedge funds and other institutional investors own 68.15% of the company's stock.

Oatly Group Stock Performance

OTLY stock traded up $0.05 during midday trading on Friday, hitting $16.51. 90,090 shares of the stock traded hands, compared to its average volume of 177,324. Oatly Group AB Sponsored ADR has a 1-year low of $6.00 and a 1-year high of $20.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.49 and a quick ratio of 0.37. The stock's fifty day simple moving average is $13.30 and its 200-day simple moving average is $11.13. The firm has a market cap of $494.14 million, a P/E ratio of -2.51 and a beta of 1.95.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OTLY. Piper Sandler cut their price objective on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. DA Davidson increased their price target on Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Mizuho set a $24.00 price objective on Oatly Group in a report on Monday, April 28th. Wall Street Zen upgraded Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays raised their target price on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oatly Group has an average rating of "Moderate Buy" and an average target price of $17.25.

Oatly Group Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.