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 reduced its stake in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 85.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,820 shares of the company's stock after selling 364,787 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.20% of Oatly Group worth $598,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Portolan Capital Management LLC raised its position in Oatly Group by 66.8% during the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after acquiring an additional 3,169,805 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Oatly Group during the fourth quarter valued at approximately $1,522,000. Intrinsic Edge Capital Management LLC purchased a new position in Oatly Group during the fourth quarter valued at approximately $1,259,000. Marshall Wace LLP grew its holdings in Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after purchasing an additional 1,370,295 shares during the period. Finally, Jane Street Group LLC grew its holdings in Oatly Group by 52.5% in the fourth quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock valued at $137,000 after purchasing an additional 75,209 shares during the period. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

Oatly Group Trading Up 0.3%

NASDAQ OTLY traded up $0.05 on Friday, reaching $16.51. 90,090 shares of the company were exchanged, compared to its average volume of 182,175. The business's fifty day moving average price is $13.41 and its 200 day moving average price is $11.15. The stock has a market capitalization of $494.14 million, a P/E ratio of -2.51 and a beta of 1.95. The company has a current ratio of 0.49, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. Oatly Group AB Sponsored ADR has a fifty-two week low of $6.00 and a fifty-two week high of $20.80.

Analyst Ratings Changes

Several analysts have commented on OTLY shares. Piper Sandler dropped their price objective on Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. DA Davidson raised their price objective on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a report on Monday, May 5th. Mizuho set a $24.00 price objective on Oatly Group in a report on Monday, April 28th. Barclays lifted their price target on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Oatly Group currently has an average rating of "Moderate Buy" and an average price target 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.