Hsbc Holdings PLC Has $709,000 Holdings in Chagee Holdings Limited – Sponsored ADR $CHA

Hsbc Holdings PLC lessened its holdings in Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) by 50.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Chagee in the second quarter valued at approximately $26,000. Quantbot Technologies LP acquired a new stake in Chagee during the 3rd quarter worth $34,000. Caitong International Asset Management Co. Ltd raised its position in shares of Chagee by 3,141.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock valued at $34,000 after acquiring an additional 2,796 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Chagee during the 2nd quarter valued at $172,000. Finally, Geode Capital Management LLC acquired a new position in shares of Chagee in the 2nd quarter valued at $232,000.

Chagee Stock Up 0.2%

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

Analyst Ratings Changes

A number of brokerages recently commented on CHA. JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $11.50 to $16.00 in a research note on Thursday, April 2nd. The Goldman Sachs Group began coverage on Chagee in a research note on Sunday, June 21st. They issued a “neutral” rating and a $13.60 target price on the stock. Wall Street Zen cut Chagee from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a research report on Wednesday, June 24th. Finally, Zacks Research raised Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.68.

Chagee 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.