Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Shares Sold by Performa Ltd US LLC

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 decreased its stake in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 94.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,250 shares of the company's stock after selling 136,750 shares during the quarter. Oatly Group comprises 0.0% of Performa Ltd US LLC's holdings, making the stock its 16th largest position. Performa Ltd US LLC's holdings in Oatly Group were worth $81,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Two Sigma Advisers LP acquired a new position in Oatly Group in the fourth quarter valued at approximately $41,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 77,600 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of 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 purchasing an additional 106,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oatly Group by 63.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock worth $128,000 after purchasing an additional 75,132 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Oatly Group by 52.5% during the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after purchasing an additional 75,209 shares during the last quarter. Institutional investors and hedge funds own 68.15% of the company's stock.

Oatly Group Stock Up 0.3%

OTLY traded up $0.05 during trading hours on Friday, hitting $16.51. 90,090 shares of the company's stock were exchanged, compared to its average volume of 182,175. The firm has a market cap of $494.14 million, a P/E ratio of -2.51 and a beta of 1.95. Oatly Group AB Sponsored ADR has a 12-month low of $6.00 and a 12-month high of $20.80. The company has a current ratio of 0.49, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $13.41 and a 200 day moving average of $11.15.

Analyst Ratings Changes

Several research analysts have weighed in on OTLY shares. Mizuho set a $24.00 target price on shares of Oatly Group in a research note on Monday, April 28th. DA Davidson upped their price objective on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Piper Sandler dropped their target price on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded Oatly Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays raised their price target on Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Oatly Group has an average rating of "Moderate Buy" and a consensus target price of $17.25.

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.