JPMorgan Chase & Co. acquired a new position in shares of Yatsen Holding Limited (NYSE:YSG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,428,689 shares of the company’s stock, valued at approximately $41,288,000.
Other institutional investors also recently made changes to their positions in the company. Tree Line Advisors Hong Kong Ltd. acquired a new position in shares of Yatsen during the fourth quarter worth about $24,650,000. MARSHALL WACE ASIA Ltd purchased a new stake in Yatsen during the fourth quarter worth approximately $7,913,000. Zeal Asset Management Ltd purchased a new stake in Yatsen during the fourth quarter worth approximately $7,534,000. Tiger Global Management LLC purchased a new stake in Yatsen during the fourth quarter worth approximately $97,138,000. Finally, D1 Capital Partners L.P. purchased a new stake in Yatsen during the fourth quarter worth approximately $8,500,000.
Several research firms recently weighed in on YSG. CICC Research assumed coverage on Yatsen in a research note on Monday, March 15th. They set an “outperform” rating and a $23.30 target price for the company. The Goldman Sachs Group initiated coverage on Yatsen in a research note on Sunday, December 13th. They set a “neutral” rating and a $18.60 price target for the company. Morgan Stanley initiated coverage on shares of Yatsen in a research report on Monday, December 14th. They set an “equal weight” rating for the company. Finally, Zacks Investment Research cut shares of Yatsen from a “hold” rating to a “sell” rating in a research report on Wednesday, March 10th.
Yatsen (NYSE:YSG) last issued its quarterly earnings results on Thursday, March 11th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.06). The firm had revenue of $300.63 million for the quarter.
Yatsen Holding Limited engages in the development and sale of beauty products under the brands of Perfect Diary, Little Ondine, and Abby's Choice in the People's Republic of China. The company offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges; kits; and other products, such as perfumes and cross-over products, including beauty devices and colored contact lenses.
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