Smart Share Global Limited (NYSE:EM) is Carlyle Group Inc.'s 10th Largest Position

Key Points

• Carlyle Group Inc. has reduced its stake in Smart Share Global Limited by 9.3%, now holding approximately 4.36 million shares, which represents only 0.1% of its investment portfolio.
• MASO CAPITAL PARTNERS Ltd. has acquired a new position in Smart Share Global worth about $2.95 million, adding to the institutional ownership that constitutes 83.96% of the stock.
• Citigroup has reaffirmed a "neutral" rating for Smart Share Global and raised its target price to $1.25, which is up from a previous target of $1.00.

Carlyle Group Inc. cut its position in shares of Smart Share Global Limited (NYSE:EM - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,362,929 shares of the company's stock after selling 447,280 shares during the quarter. Smart Share Global accounts for 0.1% of Carlyle Group Inc.'s portfolio, making the stock its 10th largest position. Carlyle Group Inc. owned about 1.68% of Smart Share Global worth $4,886,000 at the end of the most recent quarter.

Separately, MASO CAPITAL PARTNERS Ltd bought a new stake in Smart Share Global during the first quarter worth approximately $2,948,000. 83.96% of the stock is currently owned by institutional investors.

Smart Share Global Trading Up 0.4%

Shares of Smart Share Global stock traded up $0.01 on Friday, reaching $1.18. 35,420 shares of the company were exchanged, compared to its average volume of 403,687. Smart Share Global Limited has a fifty-two week low of $0.50 and a fifty-two week high of $1.19. The firm has a market capitalization of $299.18 million, a price-to-earnings ratio of 39.35 and a beta of 0.67. The stock has a fifty day moving average price of $1.13 and a 200-day moving average price of $1.12.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a "neutral" rating and issued a $1.25 price target (up previously from $1.00) on shares of Smart Share Global in a report on Wednesday, June 18th.

Smart Share Global Company Profile

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.