Fosun International Ltd Has $86.61 Million Holdings in Chagee Holdings Limited – Sponsored ADR $CHA

Fosun International Ltd boosted its holdings in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) by 19,295.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,447,088 shares of the company’s stock after purchasing an additional 7,408,691 shares during the quarter. Chagee accounts for about 20.2% of Fosun International Ltd’s portfolio, making the stock its 2nd largest holding. Fosun International Ltd owned approximately 4.06% of Chagee worth $86,610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Chagee in the second quarter valued at about $26,000. Quantbot Technologies LP acquired a new position in shares of Chagee in the third quarter valued at approximately $34,000. Geode Capital Management LLC acquired a new position in shares of Chagee in the fourth quarter valued at approximately $147,000. Federated Hermes Inc. bought a new stake in Chagee in the second quarter valued at approximately $172,000. Finally, Polymer Capital Management HK LTD bought a new stake in Chagee in the third quarter valued at approximately $182,000.

Chagee Price Performance

Shares of Chagee stock opened at $11.58 on Friday. The stock has a fifty day moving average price of $10.45 and a 200-day moving average price of $11.54. Chagee Holdings Limited – Sponsored ADR has a 1 year low of $8.98 and a 1 year high of $33.99. The firm has a market cap of $2.13 billion, a PE ratio of 16.54 and a beta of 1.73.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $15.50 price target on shares of Chagee in a report on Friday, May 29th. Zacks Research upgraded Chagee from a “strong sell” rating to a “hold” rating in a report on Monday. CLSA initiated coverage on Chagee in a research report on Sunday. They issued a “hold” rating and a $10.00 price target for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and increased their price target for the company from $11.50 to $16.00 in a research report on Thursday, April 2nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.36.

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.