Millennium Management LLC Lowers Position in Yatsen Holding Limited (NYSE:YSG)

Millennium Management LLC lessened its holdings in shares of Yatsen Holding Limited (NYSE:YSG - Free Report) by 41.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 141,879 shares of the company's stock after selling 100,829 shares during the quarter. Millennium Management LLC owned about 0.14% of Yatsen worth $565,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE acquired a new position in Yatsen in the fourth quarter worth approximately $42,000. Yiheng Capital Management L.P. bought a new stake in shares of Yatsen during the fourth quarter worth $42,000. Marshall Wace LLP bought a new position in Yatsen in the 4th quarter worth approximately $47,000. BNP Paribas Financial Markets boosted its stake in shares of Yatsen by 22.8% in the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock valued at $74,000 after purchasing an additional 3,435 shares during the last quarter. Finally, XTX Topco Ltd grew its position in shares of Yatsen by 165.6% during the 4th quarter. XTX Topco Ltd now owns 33,729 shares of the company's stock worth $134,000 after buying an additional 21,028 shares during the period.

Yatsen Stock Performance

Shares of Yatsen stock traded up $0.38 during trading on Thursday, reaching $9.29. 1,009,491 shares of the company's stock were exchanged, compared to its average volume of 204,103. The firm's 50-day moving average price is $4.77 and its 200 day moving average price is $4.36. The company has a market cap of $856.71 million, a P/E ratio of -8.52 and a beta of -2.40. Yatsen Holding Limited has a 1-year low of $2.60 and a 1-year high of $9.48.

Yatsen (NYSE:YSG - Get Free Report) last released its earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. Yatsen had a negative return on equity of 11.65% and a negative net margin of 24.65%. The business had revenue of $114.86 million for the quarter. As a group, equities research analysts predict that Yatsen Holding Limited will post -0.32 EPS for the current year.

Yatsen declared that its Board of Directors has initiated a stock repurchase program on Friday, May 16th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Yatsen from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.

Yatsen Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.