MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Oatly Group AB (NASDAQ:OTLY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Oatly Group AB (NASDAQ:OTLY - Free Report) by 63.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,608 shares of the company's stock after buying an additional 75,132 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Oatly Group were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of OTLY. Van ECK Associates Corp lifted its position in shares of Oatly Group by 60.6% during the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock valued at $38,000 after buying an additional 21,387 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after acquiring an additional 27,428 shares in the last quarter. Geode Capital Management LLC lifted its position in Oatly Group by 463.2% during the fourth 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 last quarter. Performa Ltd US LLC lifted its position in Oatly Group by 36.8% during the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake 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 acquiring an additional 75,209 shares in the last quarter. Hedge funds and other institutional investors own 68.15% of the company's stock.

Analyst Ratings Changes

OTLY has been the subject of several recent analyst reports. Barclays reissued an "overweight" rating on shares of Oatly Group in a report on Thursday, May 1st. Piper Sandler lowered their target price on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. DA Davidson boosted their target price on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Mizuho set a $24.00 price target on shares of Oatly Group in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Oatly Group currently has a consensus rating of "Moderate Buy" and an average target price of $16.80.

Oatly Group Stock Performance

Shares of OTLY stock traded up $0.43 during mid-day trading on Tuesday, reaching $10.50. The stock had a trading volume of 83,773 shares, compared to its average volume of 144,519. Oatly Group AB has a 1-year low of $6.00 and a 1-year high of $23.40. The firm has a market cap of $314.24 million, a price-to-earnings ratio of -1.54 and a beta of 1.88. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The business's fifty day moving average is $9.81 and its 200-day moving average is $11.12.

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

Oatly Group Company 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.