MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by Sylebra Capital LLC

Sylebra Capital LLC cut its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467,035 shares of the company’s stock after selling 363,967 shares during the period. MINISO Group comprises about 0.9% of Sylebra Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Sylebra Capital LLC owned approximately 0.46% of MINISO Group worth $25,732,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MINISO Group in the second quarter valued at $26,000. Blue Trust Inc. lifted its position in shares of MINISO Group by 3,098.4% during the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the last quarter. FMR LLC grew its stake in MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after purchasing an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in MINISO Group in the third quarter valued at about $78,000. Finally, Banque Cantonale Vaudoise acquired a new stake in MINISO Group during the second quarter valued at approximately $118,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $24.70 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market capitalization of $7.77 billion, a PE ratio of 22.25, a P/E/G ratio of 1.05 and a beta of 0.14. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $25.50. The business’s fifty day moving average price is $18.83 and its two-hundred day moving average price is $18.23.

Analyst Upgrades and Downgrades

MNSO has been the subject of several research reports. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Citigroup assumed coverage on shares of MINISO Group in a research note on Friday, October 4th. They set a “buy” rating and a $26.80 target price for the company. Bank of America cut shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price target (down from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.90.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.