Yatsen Holding Limited Sponsored ADR $YSG Shares Sold by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. reduced its stake in Yatsen Holding Limited Sponsored ADR (NYSE:YSG) by 83.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,190 shares of the company’s stock after selling 193,318 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Yatsen were worth $355,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Diversify Advisory Services LLC increased its holdings in Yatsen by 27.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 45,174 shares of the company’s stock valued at $409,000 after purchasing an additional 9,763 shares during the last quarter. Barclays PLC boosted its position in shares of Yatsen by 20.4% during the third quarter. Barclays PLC now owns 162,820 shares of the company’s stock worth $1,475,000 after buying an additional 27,628 shares during the period. Keystone Investors PTE Ltd. boosted its position in shares of Yatsen by 31.1% during the third quarter. Keystone Investors PTE Ltd. now owns 138,166 shares of the company’s stock worth $1,252,000 after buying an additional 32,766 shares during the period. Diversify Wealth Management LLC grew its stake in shares of Yatsen by 6.1% in the third quarter. Diversify Wealth Management LLC now owns 129,705 shares of the company’s stock valued at $1,175,000 after buying an additional 7,421 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Yatsen in the 3rd quarter valued at $92,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Yatsen in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Yatsen presently has an average rating of “Sell”.

Yatsen Stock Down 0.3%

Yatsen stock opened at $3.76 on Monday. Yatsen Holding Limited Sponsored ADR has a 52-week low of $3.30 and a 52-week high of $11.57. The firm has a market cap of $353.46 million, a PE ratio of -28.92 and a beta of -2.06. The company’s 50 day moving average is $4.18 and its two-hundred day moving average is $6.29.

Yatsen Company Profile

Yatsen Holding Limited (NYSE: YSG) is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company’s core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby’s Choice, which features targeted skincare treatments.