Y Intercept Hong Kong Ltd Purchases Shares of 45,880 Chagee Holdings Limited – Sponsored ADR $CHA

Y Intercept Hong Kong Ltd acquired a new position in shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45,880 shares of the company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fosun International Ltd raised its position in Chagee by 19,295.0% in the 4th quarter. Fosun International Ltd now owns 7,447,088 shares of the company’s stock valued at $86,610,000 after purchasing an additional 7,408,691 shares in the last quarter. UBS Group AG grew its position in shares of Chagee by 212.5% during the third quarter. UBS Group AG now owns 984,755 shares of the company’s stock worth $16,298,000 after buying an additional 669,583 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Chagee during the fourth quarter worth about $5,407,000. Jane Street Group LLC increased its stake in shares of Chagee by 2,237.0% during the fourth quarter. Jane Street Group LLC now owns 439,640 shares of the company’s stock worth $5,113,000 after buying an additional 420,828 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Chagee during the fourth quarter worth approximately $2,091,000.

Chagee Trading Down 3.4%

Shares of NASDAQ:CHA opened at $11.28 on Wednesday. The firm has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $11.08. Chagee Holdings Limited – Sponsored ADR has a twelve month low of $8.98 and a twelve month high of $27.30. The company has a market capitalization of $2.07 billion, a PE ratio of 16.11 and a beta of 1.62.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $15.50 price objective on shares of Chagee in a research report on Friday, May 29th. CLSA assumed coverage on Chagee in a report on Sunday, May 31st. They issued a “hold” rating and a $10.00 target price on the stock. JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $11.50 to $16.00 in a report on Thursday, April 2nd. Finally, Wall Street Zen cut Chagee from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.68.

Chagee 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.