228,001 Shares in BEST (BSTI) Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. bought a new stake in shares of BEST (NYSE:BSTI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 228,001 shares of the company’s stock, valued at approximately $2,047,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BSTI. Wells Fargo & Company MN increased its position in shares of BEST by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,929,506 shares of the company’s stock valued at $62,227,000 after acquiring an additional 1,409,506 shares in the last quarter. Stansberry Asset Management LLC bought a new stake in shares of BEST during the fourth quarter valued at approximately $1,940,000. Tiger Pacific Capital LP bought a new stake in shares of BEST during the fourth quarter valued at approximately $1,315,000. NWI Management LP increased its position in shares of BEST by 13.7% during the fourth quarter. NWI Management LP now owns 1,136,602 shares of the company’s stock valued at $10,207,000 after acquiring an additional 136,602 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of BEST during the fourth quarter valued at approximately $651,000. 10.98% of the stock is owned by institutional investors.

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Shares of BSTI stock opened at $10.19 on Tuesday. BEST has a 12-month low of $8.08 and a 12-month high of $13.25.

Several brokerages recently weighed in on BSTI. ValuEngine raised shares of BEST from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. KeyCorp set a $14.00 target price on shares of BEST and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Zacks Investment Research upgraded shares of BEST from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $14.52.

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About BEST

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.

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Institutional Ownership by Quarter for BEST (NYSE:BSTI)

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