Chagee Holdings Limited – Sponsored ADR $CHA Stock Position Decreased by UBS Group AG

UBS Group AG cut its position in shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) by 72.6% in the fourth quarter, Holdings Channel reports. The firm owned 269,562 shares of the company’s stock after selling 715,193 shares during the period. UBS Group AG’s holdings in Chagee were worth $3,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHA. JPMorgan Chase & Co. purchased a new stake in shares of Chagee during the 2nd quarter worth about $26,000. Quantbot Technologies LP purchased a new stake in shares of Chagee during the 3rd quarter worth about $34,000. Federated Hermes Inc. purchased a new stake in shares of Chagee during the 2nd quarter worth about $172,000. Polymer Capital Management HK LTD purchased a new stake in shares of Chagee during the 3rd quarter worth about $182,000. Finally, Virtu Financial LLC purchased a new stake in shares of Chagee during the 3rd quarter worth about $197,000.

Wall Street Analyst Weigh In

CHA has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research note on Friday, March 27th. JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $11.50 to $16.00 in a research note on Thursday, April 2nd. Finally, Zacks Research downgraded Chagee from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Chagee has an average rating of “Hold” and an average target price of $30.31.

Chagee Stock Performance

Shares of CHA stock opened at $9.54 on Monday. The stock’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $11.77. Chagee Holdings Limited – Sponsored ADR has a twelve month low of $8.98 and a twelve month high of $35.42. The company has a market capitalization of $1.75 billion and a price-to-earnings ratio of 10.60.

Chagee Company Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees. “Quality, Health, and Convenience” is the guiding principle of how we make our products.