Citigroup Inc. Purchases 626,963 Shares of So-Young International Inc. Sponsored ADR $SY

Citigroup Inc. raised its holdings in So-Young International Inc. Sponsored ADR (NASDAQ:SY) by 1,301.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 675,121 shares of the company’s stock after buying an additional 626,963 shares during the quarter. Citigroup Inc. owned 0.67% of So-Young International worth $2,613,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of So-Young International during the 3rd quarter worth about $145,000. XTX Topco Ltd bought a new stake in So-Young International in the second quarter valued at about $113,000. Finally, Jane Street Group LLC raised its position in So-Young International by 264.2% in the first quarter. Jane Street Group LLC now owns 36,419 shares of the company’s stock worth $30,000 after purchasing an additional 26,419 shares in the last quarter. Institutional investors and hedge funds own 35.31% of the company’s stock.

So-Young International Stock Performance

SY opened at $3.05 on Friday. The firm has a market cap of $307.59 million, a price-to-earnings ratio of -3.08 and a beta of 2.01. The firm’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $3.29. So-Young International Inc. Sponsored ADR has a twelve month low of $0.67 and a twelve month high of $6.28.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SY. Weiss Ratings restated a “sell (d)” rating on shares of So-Young International in a research note on Monday, December 29th. Wall Street Zen upgraded So-Young International from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.50.

So-Young International Company Profile

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.