Empowered Funds LLC acquired a new position in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm acquired 130,098 shares of the company’s stock, valued at approximately $1,211,000.
A number of other institutional investors also recently bought and sold shares of the stock. Fosun International Ltd increased its position in Chagee by 19,295.0% in the fourth quarter. Fosun International Ltd now owns 7,447,088 shares of the company’s stock worth $86,610,000 after buying an additional 7,408,691 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Chagee during the 1st quarter valued at about $427,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Chagee by 5,007.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,546 shares of the company’s stock valued at $53,000 after buying an additional 4,457 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Chagee by 355.9% during the 4th quarter. Virtu Financial LLC now owns 54,304 shares of the company’s stock valued at $632,000 after acquiring an additional 42,393 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Chagee by 2,333.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,208 shares of the company’s stock worth $401,000 after acquiring an additional 23,213 shares in the last quarter.
Analyst Ratings Changes
CHA has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Chagee from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. The Goldman Sachs Group initiated coverage on shares of Chagee in a research report on Sunday, June 21st. They issued a “neutral” rating and a $13.60 price target for the company. CLSA assumed coverage on shares of Chagee in a research note on Sunday, May 31st. They issued a “hold” rating and a $10.00 price objective for the company. Wall Street Zen downgraded shares of Chagee from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $15.50 target price on shares of Chagee in a research note on Friday, May 29th. Two 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.com, the stock currently has an average rating of “Hold” and an average price target of $14.68.
Chagee Stock Performance
Shares of NASDAQ:CHA opened at $10.18 on Friday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 14.54 and a beta of 1.58. The firm has a fifty day moving average price of $11.46 and a 200 day moving average price of $10.94. Chagee Holdings Limited – Sponsored ADR has a fifty-two week low of $8.98 and a fifty-two week high of $23.90.
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.
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