MINISO Group Holding Limited (NYSE:MNSO) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH increased its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 100.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Erste Asset Management GmbH’s holdings in MINISO Group were worth $1,925,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in MINISO Group in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC increased its position in MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after acquiring an additional 734 shares during the period. FMR LLC lifted its position in MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after acquiring an additional 2,884 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of MINISO Group in the 3rd quarter valued at approximately $78,000. Finally, SG Americas Securities LLC acquired a new position in shares of MINISO Group in the fourth quarter valued at approximately $163,000. 17.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MNSO shares. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective on the stock. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.70.

MINISO Group Price Performance

MINISO Group stock opened at $20.70 on Friday. The company has a market cap of $6.47 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $27.71. The business has a fifty day moving average of $22.22 and a two-hundred day moving average of $20.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

MINISO Group Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.