Hsbc Holdings PLC Boosts Holdings in MINISO Group Holding Limited Unsponsored ADR $MNSO

Hsbc Holdings PLC lifted its position in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) by 243.5% in the first quarter, Holdings Channel reports. The institutional investor owned 298,482 shares of the company’s stock after acquiring an additional 211,587 shares during the quarter. Hsbc Holdings PLC’s holdings in MINISO Group were worth $4,844,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in MINISO Group in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares during the last quarter. PNC Financial Services Group Inc. raised its position in MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after purchasing an additional 547 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in MINISO Group in the fourth quarter valued at $126,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of MINISO Group by 70.6% in the 4th quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock valued at $163,000 after purchasing an additional 3,593 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Zacks Research cut shares of MINISO Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. Weiss Ratings lowered shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, MINISO Group currently has a consensus rating of “Hold” and an average target price of $21.73.

Insider Transactions at MINISO Group

In other MINISO Group news, CEO Guofu Ye purchased 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $3.35 per share, with a total value of $502,500.00. Following the completion of the transaction, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Yunyun (Alice) Yang purchased 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the transaction, the vice president directly owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 4,200,000 shares of company stock worth $13,797,000 over the last quarter. Insiders own 73.50% of the company’s stock.

MINISO Group Trading Down 1.5%

Shares of NYSE MNSO opened at $12.21 on Friday. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $11.12 and a twelve month high of $26.74. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $12.53 and a 200-day simple moving average of $15.66. The stock has a market capitalization of $3.78 billion, a PE ratio of 12.99, a PEG ratio of 1.54 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last posted its earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.17). MINISO Group had a return on equity of 18.98% and a net margin of 9.03%.The firm had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. On average, equities analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current year.

MINISO Group Profile

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.