Jane Street Group LLC Boosts Holdings in Oatly Group AB (NASDAQ:OTLY)

Jane Street Group LLC grew its position in Oatly Group AB (NASDAQ:OTLY - Free Report) by 52.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,465 shares of the company's stock after purchasing an additional 75,209 shares during the quarter. Jane Street Group LLC's holdings in Oatly Group were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Portolan Capital Management LLC increased its holdings in Oatly Group by 66.8% in the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after buying an additional 3,169,805 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Oatly Group in the 4th quarter valued at about $1,259,000. Marshall Wace LLP boosted its position in shares of Oatly Group by 2,169.1% in the 4th 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. Performa Ltd US LLC boosted its position in shares of Oatly Group by 36.8% in the 4th quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after purchasing an additional 39,000 shares during the period. Finally, Geode Capital Management LLC grew 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 worth $63,000 after buying an additional 77,600 shares during the last quarter. 68.15% of the stock is owned by hedge funds and other institutional investors.

Oatly Group Stock Performance

NASDAQ:OTLY traded down $0.32 during midday trading on Tuesday, reaching $12.44. The stock had a trading volume of 114,184 shares, compared to its average volume of 146,484. The stock has a market cap of $372.30 million, a P/E ratio of -1.83 and a beta of 1.89. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. Oatly Group AB has a 12-month low of $6.00 and a 12-month high of $23.40. The firm has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $11.07.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.96) by $0.45. The business had revenue of $197.53 million for the quarter, compared to analyst estimates of $199.97 million. Oatly Group had a negative net margin of 24.52% and a negative return on equity of 70.33%. On average, equities analysts expect that Oatly Group AB will post -3.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OTLY shares. DA Davidson increased 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. Barclays reiterated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Piper Sandler dropped 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. Finally, Mizuho set a $24.00 target price on shares of Oatly Group in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.80.

About Oatly Group

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.