Envestnet Asset Management Inc. Purchases New Position in Yatsen Holding Limited Sponsored ADR $YSG

Envestnet Asset Management Inc. acquired a new position in shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG) during the 3rd quarter, Holdings Channel reports. The fund acquired 199,230 shares of the company’s stock, valued at approximately $1,805,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in Yatsen in the fourth quarter worth $42,000. WCM Investment Management LLC acquired a new position in shares of Yatsen in the 3rd quarter valued at $114,000. Truist Financial Corp bought a new stake in shares of Yatsen in the 3rd quarter valued at $144,000. Savant Capital LLC acquired a new stake in Yatsen during the 2nd quarter worth $148,000. Finally, Engineers Gate Manager LP acquired a new stake in Yatsen during the 2nd quarter worth $156,000.

Yatsen Stock Down 1.8%

Shares of YSG stock opened at $4.47 on Friday. Yatsen Holding Limited Sponsored ADR has a 12-month low of $3.30 and a 12-month high of $11.57. The firm has a fifty day moving average of $4.22 and a 200-day moving average of $6.50. The company has a market capitalization of $420.18 million, a price-to-earnings ratio of -6.48 and a beta of -2.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Yatsen in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Yatsen Profile

Yatsen Holding Limited (NYSE: YSG) is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company’s core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby’s Choice, which features targeted skincare treatments.