Raiffeisen Bank International AG Takes $1.52 Million Position in Oatly Group AB (NASDAQ:OTLY)

Raiffeisen Bank International AG purchased a new position in Oatly Group AB (NASDAQ:OTLY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,400,000 shares of the company's stock, valued at approximately $1,522,000. Raiffeisen Bank International AG owned about 0.40% of Oatly Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oatly Group by 63.4% in the fourth 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 last quarter. Jane Street Group LLC increased its position in Oatly Group by 52.5% in the fourth 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. Intrinsic Edge Capital Management LLC bought a new stake in Oatly Group in the fourth quarter worth $1,259,000. Marshall Wace LLP increased its position in Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock worth $946,000 after purchasing an additional 1,370,295 shares during the last quarter. Finally, Portolan Capital Management LLC increased its position in Oatly Group by 66.8% in the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock worth $5,247,000 after purchasing an additional 3,169,805 shares during the last quarter. Institutional investors own 68.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on OTLY. Barclays restated an "overweight" rating on shares of Oatly Group in a research report on Thursday, May 1st. Mizuho set a $24.00 price objective on shares of Oatly Group in a research note on Monday, April 28th. DA Davidson lifted their price objective on shares of Oatly Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Piper Sandler dropped their price objective on shares of Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One 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 presently has a consensus rating of "Moderate Buy" and an average target price of $16.80.

Oatly Group Stock Up 1.9%

NASDAQ OTLY opened at $9.75 on Friday. The firm has a market capitalization of $291.80 million, a price-to-earnings ratio of -1.43 and a beta of 1.88. Oatly Group AB has a 52 week low of $6.00 and a 52 week high of $25.40. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $9.53 and a two-hundred day moving average of $11.52.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.96) by $0.45. The firm 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%. On average, analysts predict that Oatly Group AB will post -3.2 earnings per share for the current year.

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.

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