UBS Group AG Has $3.14 Million Stock Position in Chagee Holdings Limited – Sponsored ADR $CHA

UBS Group AG decreased its stake in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) by 72.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 269,562 shares of the company’s stock after selling 715,193 shares during the quarter. UBS Group AG owned 0.15% of Chagee worth $3,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CHA. Schroder Investment Management Group acquired a new position in shares of Chagee in the 3rd quarter valued at $46,150,000. Hudson Bay Capital Management LP acquired a new position in shares of Chagee in the 2nd quarter valued at $2,611,000. XTX Topco Ltd acquired a new position in shares of Chagee in the 3rd quarter valued at $1,159,000. Barclays PLC acquired a new position in shares of Chagee in the 3rd quarter valued at $978,000. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Chagee in the 3rd quarter valued at $931,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CHA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Chagee in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded 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. Finally, Zacks Research downgraded Chagee from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.31.

Chagee Stock Performance

Shares of Chagee stock opened at $9.54 on Monday. The stock has a 50-day moving average price of $10.36 and a 200 day moving average price of $11.77. The company has a market cap of $1.75 billion and a P/E ratio of 10.60. Chagee Holdings Limited – Sponsored ADR has a 1 year low of $8.98 and a 1 year high of $35.42.

About Chagee

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.