MINISO Group Holding Limited (NYSE:MNSO) Stock Position Decreased by Sylebra Capital LLC

Sylebra Capital LLC lowered its position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 19.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,467,035 shares of the company's stock after selling 363,967 shares during the quarter. MINISO Group comprises approximately 0.9% of Sylebra Capital LLC's holdings, making the stock its 22nd largest holding. Sylebra Capital LLC owned approximately 0.46% of MINISO Group worth $25,732,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale grew its holdings in shares of MINISO Group by 3.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock worth $378,000 after purchasing an additional 690 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company's stock worth $215,000 after purchasing an additional 942 shares during the period. XTX Topco Ltd grew its holdings in shares of MINISO Group by 10.6% during the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company's stock worth $264,000 after purchasing an additional 1,326 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group during the 2nd quarter worth about $26,000. Finally, Blue Trust Inc. grew its holdings in shares of MINISO Group by 3,098.4% during the 2nd 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 period. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Stock Down 5.5 %

Shares of MINISO Group stock traded down $1.37 on Tuesday, hitting $23.34. 1,180,232 shares of the company's stock traded hands, compared to its average volume of 1,891,774. The stock has a market cap of $7.34 billion, a P/E ratio of 22.25, a PEG ratio of 1.05 and a beta of 0.14. 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 firm's 50-day moving average is $18.98 and its 200 day moving average is $18.24. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $25.50.

Analysts Set New Price Targets

A number of research firms have weighed in on MNSO. Dbs Bank upgraded MINISO Group to a "strong-buy" rating in a report on Tuesday, September 24th. Bank of America cut MINISO Group from a "buy" rating to an "underperform" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Citigroup began coverage on MINISO Group in a report on Friday, October 4th. They issued a "buy" rating and a $26.80 price target for the company. Finally, Jefferies Financial Group restated a "hold" rating on shares of MINISO Group in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.90.

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.