Raiffeisen Bank International AG Sells 2,280,000 Shares of 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 decreased its holdings in Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Free Report) by 95.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OTLY. GAMMA Investing LLC acquired a new position in shares of Oatly Group during the first quarter valued at about $1,730,000. Two Sigma Advisers LP acquired a new position in shares of Oatly Group during the fourth quarter valued at about $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $128,000 after purchasing an additional 75,132 shares during the period. Jane Street Group LLC raised 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 valued at $137,000 after purchasing an additional 75,209 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 77,600 shares during the period. Institutional investors own 68.15% of the company's stock.

Oatly Group Stock Up 0.3%

OTLY stock traded up $0.05 during trading on Friday, reaching $16.51. The stock had a trading volume of 90,090 shares, compared to its average volume of 182,175. Oatly Group AB Sponsored ADR has a one year low of $6.00 and a one year high of $20.80. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.50. The company's 50 day moving average is $13.41 and its two-hundred day moving average is $11.15. The company has a market capitalization of $494.14 million, a price-to-earnings ratio of -2.51 and a beta of 1.95.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OTLY. Wall Street Zen upgraded shares of Oatly Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. DA Davidson upped their target price 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 target price on shares of Oatly Group in a report on Monday, April 28th. Piper Sandler lowered their target price on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Barclays upped their target price 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.25.

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.