Raiffeisen Bank International AG Reduces Holdings in Oatly Group AB Sponsored ADR (NASDAQ:OTLY)

Key Points

• Raiffeisen Bank International AG significantly decreased its holdings in Oatly Group by 95%, reducing its shares from 2.4 million to 120,000.
• Several hedge funds increased their stakes in Oatly Group in the 4th quarter, with Geode Capital Management and Two Sigma Investments showing notable gains of 463.2% and 279.6% respectively.
• Analysts maintained a consensus rating of "Moderate Buy" for Oatly Group, with price targets ranging from $12.00 to $24.00.

Raiffeisen Bank International AG reduced its holdings in shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 95.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,000 shares of the company's stock after selling 2,280,000 shares during the quarter. Raiffeisen Bank International AG owned approximately 0.40% of Oatly Group worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in OTLY. Two Sigma Advisers LP purchased a new position in Oatly Group during the 4th quarter valued at about $41,000. Geode Capital Management LLC increased its holdings in Oatly Group by 463.2% during the 4th 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 in the last quarter. Two Sigma Investments LP increased its holdings in Oatly Group by 279.6% during the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after acquiring an additional 106,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oatly Group by 63.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company's stock worth $128,000 after buying an additional 75,132 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Oatly Group by 52.5% during the fourth quarter. Jane Street Group LLC now owns 218,465 shares of the company's stock worth $137,000 after buying an additional 75,209 shares in the last quarter. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Oatly Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Barclays lifted their price target on shares of Oatly Group from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. DA Davidson lifted their price target 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. Mizuho set a $24.00 price target on shares of Oatly Group in a report on Monday, April 28th. Finally, Piper Sandler lowered their price target 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.25.

Oatly Group Price Performance

Oatly Group stock opened at $16.53 on Tuesday. Oatly Group AB Sponsored ADR has a 1 year low of $6.00 and a 1 year high of $20.80. The firm has a 50 day moving average price of $12.95 and a 200 day moving average price of $11.03. The company has a market cap of $494.74 million, a price-to-earnings ratio of -2.52 and a beta of 1.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.49.

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.

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