Nordea Investment Management AB Grows Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Nordea Investment Management AB lifted its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,729 shares of the company's stock after purchasing an additional 43,151 shares during the period. Nordea Investment Management AB owned about 0.11% of MINISO Group worth $8,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MNSO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MINISO Group during the second quarter valued at approximately $26,000. FMR LLC increased its position in shares of MINISO Group by 230.2% during 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 acquired a new position in MINISO Group in the 3rd quarter valued at $78,000. Blue Trust Inc. lifted its holdings in MINISO Group by 167.0% in the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company's stock valued at $99,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in MINISO Group during the 3rd quarter worth $191,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Trading Down 2.4 %

MINISO Group stock traded down $0.60 during mid-day trading on Friday, hitting $24.27. The company's stock had a trading volume of 902,112 shares, compared to its average volume of 1,956,885. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $7.64 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.05 and a beta of 0.08. The stock's fifty day moving average is $21.88 and its two-hundred day moving average is $18.74.

Analyst Ratings Changes

Several research firms have recently weighed in on MNSO. Citigroup assumed coverage on shares of MINISO Group in a research note on Friday, October 4th. They issued a "buy" rating and a $26.80 price target on the stock. JPMorgan Chase & Co. restated a "neutral" rating and set a $15.00 target price (down from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Bank of America lowered MINISO Group from a "buy" rating to an "underperform" rating in a research report on Monday, September 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of MINISO Group in a research report on Monday, September 23rd. Finally, Dbs Bank raised MINISO Group to a "strong-buy" rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.