Performa Ltd US LLC Sells 136,750 Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY)

Key Points

• Performa Ltd US LLC significantly reduced its holdings in Oatly Group by 94.3%, leaving it with 8,250 shares valued at $81,000, which account for only 0.0% of its portfolio.
• Several institutional investors have increased their stakes in Oatly Group, with MIRAE ASSET GLOBAL ETFS HOLDINGS boosting its holding by 63.4% and a new stake from Raiffeisen Bank International AG worth approximately $1.52 million.
• Analysts have given Oatly Group a consensus rating of "Moderate Buy", with a current average target price of $17.25, with varying reports from firms like Mizuho and Barclays.

Performa Ltd US LLC reduced its position in Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 94.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,250 shares of the company's stock after selling 136,750 shares during the period. Oatly Group makes up 0.0% of Performa Ltd US LLC's investment portfolio, making the stock its 16th largest holding. Performa Ltd US LLC's holdings in Oatly Group were worth $81,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OTLY. Portolan Capital Management LLC raised its position 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. Raiffeisen Bank International AG purchased a new stake in Oatly Group in the 4th quarter valued at $1,522,000. Intrinsic Edge Capital Management LLC purchased a new stake in Oatly Group in the 4th quarter valued at $1,259,000. Marshall Wace LLP raised its position 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. Finally, Two Sigma Investments LP raised its position in Oatly Group by 279.6% in the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after buying an additional 106,319 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OTLY has been the subject of a number of analyst reports. DA Davidson increased their price target on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Piper Sandler lowered their price target on Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Barclays raised their target price on Oatly Group from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Wall Street Zen raised Oatly Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Mizuho set a $24.00 target price on Oatly Group in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.25.

Oatly Group Stock Performance

OTLY traded up $0.05 during trading hours on Friday, hitting $16.51. The stock had a trading volume of 90,090 shares, compared to its average volume of 182,175. The company's fifty day simple moving average is $13.41 and its 200 day simple moving average is $11.13. Oatly Group AB Sponsored ADR has a 1 year low of $6.00 and a 1 year high of $20.80. The stock has a market cap of $494.14 million, a PE ratio of -2.51 and a beta of 1.95. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.50.

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.