Geode Capital Management LLC Has $63,000 Position in Oatly Group AB (NASDAQ:OTLY)

Geode Capital Management LLC boosted its position in shares of Oatly Group AB (NASDAQ:OTLY - Free Report) by 463.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,353 shares of the company's stock after buying an additional 77,600 shares during the quarter. Geode Capital Management LLC's holdings in Oatly Group were worth $63,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Oatly Group by 60.6% during the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock worth $38,000 after buying an additional 21,387 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after acquiring an additional 27,428 shares during the period. Green Alpha Advisors LLC boosted its position in shares of Oatly Group by 5.9% during the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock valued at $455,000 after acquiring an additional 38,363 shares in the last quarter. Performa Ltd US LLC increased its stake in Oatly Group by 36.8% in the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock valued at $96,000 after acquiring an additional 39,000 shares during the period. Finally, Jane Street Group LLC raised its position in Oatly Group by 134.8% in the third quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock worth $128,000 after purchasing an additional 82,242 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OTLY has been the topic of several analyst reports. Barclays reiterated an "overweight" rating on shares of Oatly Group in a research note on Thursday, May 1st. DA Davidson upped 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. Mizuho set a $24.00 price objective on Oatly Group in a report on Monday, April 28th. Finally, 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

Oatly Group Price Performance

Shares of NASDAQ:OTLY traded up $0.09 during midday trading on Tuesday, reaching $10.81. The company's stock had a trading volume of 81,811 shares, compared to its average volume of 140,578. The business's fifty day simple moving average is $9.40 and its 200-day simple moving average is $11.84. The company has a market capitalization of $323.52 million, a P/E ratio of -1.59 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. Oatly Group AB has a fifty-two week low of $6.00 and a fifty-two week high of $26.80.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share for the quarter, beating analysts' consensus estimates of ($0.96) by $0.45. The business had revenue of $197.53 million during the quarter, compared to analyst estimates 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 research analysts expect that Oatly Group AB will post -3.2 EPS for the current fiscal year.

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.