SBI Securities Co. Ltd. Makes New $31,000 Investment in MINISO Group Holding Limited (NYSE:MNSO)

SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,277 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MNSO. LMR Partners LLP purchased a new stake in shares of MINISO Group during the third quarter worth approximately $11,384,000. Citigroup Inc. increased its stake in shares of MINISO Group by 553.7% during the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after buying an additional 330,579 shares during the period. Nordea Investment Management AB increased its stake in shares of MINISO Group by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after buying an additional 43,151 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of MINISO Group during the third quarter worth approximately $685,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of MINISO Group during the third quarter worth approximately $622,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC assumed coverage on MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.70.

MINISO Group Stock Performance

Shares of MNSO opened at $20.97 on Thursday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The stock has a 50 day moving average price of $22.47 and a 200 day moving average price of $20.24. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

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.