Hsbc Holdings PLC Sells 60,692 Shares of Chagee Holdings Limited – Sponsored ADR $CHA

Hsbc Holdings PLC cut its holdings in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) by 50.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,212 shares of the company’s stock after selling 60,692 shares during the quarter. Hsbc Holdings PLC’s holdings in Chagee were worth $709,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in Chagee by 5,007.9% in the fourth 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 increased its position in shares of Chagee by 355.9% during the fourth quarter. Virtu Financial LLC now owns 54,304 shares of the company’s stock worth $632,000 after acquiring an additional 42,393 shares in the last quarter. Vident Advisory LLC bought a new stake in shares of Chagee during the fourth quarter worth $260,000. XTX Topco Ltd raised its holdings in shares of Chagee by 69.5% during the fourth quarter. XTX Topco Ltd now owns 118,637 shares of the company’s stock worth $1,380,000 after acquiring an additional 48,633 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Chagee by 86.3% during the fourth quarter. Millennium Management LLC now owns 27,512 shares of the company’s stock worth $320,000 after acquiring an additional 12,747 shares during the period.

Chagee Stock Up 0.2%

Shares of CHA stock opened at $11.30 on Thursday. Chagee Holdings Limited – Sponsored ADR has a 12 month low of $8.98 and a 12 month high of $26.63. The company’s fifty day simple moving average is $11.16 and its 200-day simple moving average is $11.07. The firm has a market cap of $2.07 billion, a PE ratio of 16.14 and a beta of 1.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CHA shares. Wall Street Zen lowered shares of Chagee from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research note on Wednesday, June 24th. Zacks Research raised Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. CLSA started coverage on Chagee in a report on Sunday, May 31st. They issued a “hold” rating and a $10.00 price target on the stock. Finally, JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $11.50 to $16.00 in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chagee currently has an average rating of “Hold” and an average target price of $14.68.

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.