XY Capital Ltd Makes New $2.84 Million Investment in MINISO Group Holding Limited Unsponsored ADR $MNSO

XY Capital Ltd acquired a new stake in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 175,400 shares of the company’s stock, valued at approximately $2,841,000. MINISO Group makes up about 2.8% of XY Capital Ltd’s holdings, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in MINISO Group by 34.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after purchasing an additional 1,251 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after acquiring an additional 1,947 shares in the last quarter. Hsbc Holdings PLC grew its position in MINISO Group by 243.5% in the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares in the last quarter. Invesco Ltd. increased its position in shares of MINISO Group by 13.1% in the fourth quarter. Invesco Ltd. now owns 25,800 shares of the company’s stock valued at $484,000 after acquiring an additional 2,984 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of MINISO Group by 4.9% during the 4th quarter. Vident Advisory LLC now owns 29,440 shares of the company’s stock worth $552,000 after purchasing an additional 1,377 shares in the last quarter. 17.16% of the stock is owned by institutional investors.

Insider Activity

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

MINISO Group Stock Performance

Shares of MINISO Group stock opened at $12.46 on Wednesday. The company has a market cap of $3.86 billion, a P/E ratio of 13.25, a PEG ratio of 1.59 and a beta of 0.10. The business has a 50-day moving average price of $12.66 and a two-hundred day moving average price of $15.78. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. MINISO Group Holding Limited Unsponsored ADR has a 1-year low of $11.12 and a 1-year high of $26.74.

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

Analysts Set New Price Targets

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

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.