2,788,524 Shares in Chagee Holdings Limited – Sponsored ADR $CHA Purchased by Schroder Investment Management Group

Schroder Investment Management Group bought a new stake in shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,788,524 shares of the company’s stock, valued at approximately $46,150,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Chagee during the 2nd quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new position in shares of Chagee in the third quarter worth $34,000. Federated Hermes Inc. bought a new position in shares of Chagee during the second quarter worth $172,000. China Universal Asset Management Co. Ltd. bought a new position in shares of Chagee during the second quarter worth $204,000. Finally, Geode Capital Management LLC purchased a new position in Chagee during the second quarter valued at $232,000.

Chagee Stock Performance

NASDAQ:CHA opened at $10.71 on Wednesday. The firm has a 50-day simple moving average of $11.44 and a 200-day simple moving average of $14.27. Chagee Holdings Limited – Sponsored ADR has a one year low of $9.95 and a one year high of $41.80. The firm has a market cap of $1.97 billion and a P/E ratio of 12.17.

Wall Street Analysts Forecast Growth

Several analysts have commented on CHA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Chagee in a research note on Monday, December 29th. Zacks Research raised shares of Chagee from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. JPMorgan Chase & Co. upgraded shares of Chagee from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $12.40 to $11.50 in a research report on Friday, February 13th. Jefferies Financial Group began coverage on shares of Chagee in a research report on Wednesday, January 7th. They set a “hold” rating and a $14.00 price objective for the company. Finally, Wall Street Zen raised shares of Chagee from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.67.

Chagee Company 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.