XTX Topco Ltd Has $478,000 Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

XTX Topco Ltd boosted its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 96.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,259 shares of the company’s stock after purchasing an additional 13,398 shares during the period. XTX Topco Ltd’s holdings in MINISO Group were worth $478,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

MINISO Group Stock Down 2.7 %

MNSO stock opened at $24.08 on Friday. The business’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $18.31. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a market cap of $7.58 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 1.02 and a beta of 0.14. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $25.50.

MINISO Group Company Profile

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.