1,583,302 Shares in MINISO Group Holding Limited Unsponsored ADR $MNSO Bought by WFM ASIA BVI Ltd

WFM ASIA BVI Ltd bought a new stake in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,583,302 shares of the company’s stock, valued at approximately $35,624,000. MINISO Group comprises 4.0% of WFM ASIA BVI Ltd’s holdings, making the stock its 7th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP increased its holdings in shares of MINISO Group by 131.1% in the 2nd quarter. Marshall Wace LLP now owns 1,776,960 shares of the company’s stock worth $32,376,000 after acquiring an additional 1,008,048 shares during the period. Serenity Capital Management PTE. LTD. grew its position in MINISO Group by 149.8% in the 2nd quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock worth $21,093,000 after purchasing an additional 694,212 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of MINISO Group in the second quarter valued at approximately $3,803,000. Fox Run Management L.L.C. bought a new stake in shares of MINISO Group during the third quarter valued at approximately $1,275,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of MINISO Group during the third quarter worth approximately $948,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MNSO shares. Deutsche Bank Aktiengesellschaft started coverage on MINISO Group in a research note on Tuesday, November 25th. They set a “buy” rating and a $23.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, MINISO Group currently has an average rating of “Moderate Buy” and an average target price of $23.73.

MINISO Group Price Performance

NYSE MNSO opened at $18.24 on Friday. MINISO Group Holding Limited Unsponsored ADR has a 1 year low of $13.94 and a 1 year high of $26.74. The business’s fifty day moving average is $19.32 and its two-hundred day moving average is $21.05. The stock has a market capitalization of $5.64 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.36 and a beta of 0.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.65.

About MINISO Group

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.