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Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in lululemon athletica inc. $LULU
Mirae Asset Global Investments Co. Ltd. significantly reduced its stake in lululemon athletica inc. (NASDAQ:LULU) by 57.6% in the fourth quarter, selling 26,682 shares and retaining 19,627 shares valued at $4.079 million. Despite this, other institutional investors have slightly increased their positions, and hedge funds collectively own 85.20% of the company’s stock. The article also highlights recent positive news for Lululemon, including expansion into Mexico and strong quarterly earnings, alongside some neutral and negative sentiments like a “Hold” analyst consensus and recent analyst downgrades.