MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $128,000 Stock Holdings in Oatly Group AB (NASDAQ:OTLY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Oatly Group AB (NASDAQ:OTLY - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,608 shares of the company's stock after acquiring an additional 75,132 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Oatly Group were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP increased its stake in 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 buying an additional 1,370,295 shares during the last quarter. Geode Capital Management LLC increased its stake in Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock valued at $63,000 after buying an additional 77,600 shares during the last quarter. Jane Street Group LLC increased its stake in Oatly Group by 52.5% in the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock valued at $137,000 after buying an additional 75,209 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in Oatly Group in the 4th quarter valued at $1,259,000. Finally, Portolan Capital Management LLC increased its stake in Oatly Group by 66.8% in the 4th 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. 68.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on OTLY. DA Davidson boosted their price objective on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Mizuho set a $24.00 price objective on shares of Oatly Group in a research note on Monday, April 28th. Barclays restated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. Finally, Piper Sandler lowered 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $16.80.

Oatly Group Stock Performance

NASDAQ OTLY traded up $0.52 during trading on Thursday, reaching $11.47. The company's stock had a trading volume of 124,211 shares, compared to its average volume of 144,933. 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 firm has a market capitalization of $343.27 million, a price-to-earnings ratio of -1.69 and a beta of 1.89. Oatly Group AB has a 12 month low of $6.00 and a 12 month high of $23.40. The firm has a 50 day moving average price of $9.88 and a 200 day moving average price of $11.11.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.96) by $0.45. The firm had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. Oatly Group had a negative net margin of 24.52% and a negative return on equity of 70.33%. As a group, equities analysts anticipate that Oatly Group AB will post -3.2 EPS for the current fiscal year.

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.