Chagee Holdings Limited – Sponsored ADR $CHA is Fosun International Ltd’s 2nd Largest Position

Fosun International Ltd raised its stake in shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) by 19,295.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,447,088 shares of the company’s stock after buying an additional 7,408,691 shares during the quarter. Chagee comprises about 20.2% of Fosun International Ltd’s portfolio, making the stock its 2nd biggest position. Fosun International Ltd’s holdings in Chagee were worth $86,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of CHA. Geode Capital Management LLC bought a new stake in shares of Chagee during the 2nd quarter valued at about $232,000. JPMorgan Chase & Co. purchased a new position in Chagee in the 2nd quarter worth approximately $26,000. Russell Investments Group Ltd. purchased a new position in shares of Chagee during the second quarter valued at approximately $1,226,000. Walleye Capital LLC purchased a new position in shares of Chagee during the second quarter valued at approximately $587,000. Finally, Federated Hermes Inc. purchased a new stake in Chagee in the second quarter worth $172,000.

Wall Street Analysts Forecast Growth

CHA has been the topic of several recent research reports. JPMorgan Chase & Co. raised Chagee from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $11.50 to $16.00 in a research note on Thursday, April 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $15.50 price target on shares of Chagee in a report on Friday, May 29th. CLSA began coverage on Chagee in a report on Sunday. They issued a “hold” rating and a $10.00 target price on the stock. Zacks Research raised Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Chagee in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.36.

Chagee Stock Performance

Shares of CHA stock opened at $11.58 on Friday. Chagee Holdings Limited – Sponsored ADR has a 52-week low of $8.98 and a 52-week high of $33.99. The firm has a market capitalization of $2.13 billion, a P/E ratio of 16.54 and a beta of 1.73. The stock has a 50 day moving average price of $10.45 and a 200 day moving average price of $11.54.

Chagee Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees. “Quality, Health, and Convenience” is the guiding principle of how we make our products.