KEYWISE CAPITAL MANAGEMENT Ltd increased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 506.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466,100 shares of the technology company’s stock after buying an additional 389,300 shares during the period. Vipshop Holdings Limited accounts for about 2.7% of KEYWISE CAPITAL MANAGEMENT Ltd’s investment portfolio, making the stock its 10th largest position. KEYWISE CAPITAL MANAGEMENT Ltd owned approximately 0.08% of Vipshop Holdings Limited worth $4,917,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Hamilton Lane Advisors LLC increased its stake in Vipshop Holdings Limited by 82.7% in the second quarter. Hamilton Lane Advisors LLC now owns 764,497 shares of the technology company’s stock valued at $8,065,000 after buying an additional 345,984 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Vipshop Holdings Limited during the second quarter valued at about $214,000. Hershey Trust Co. increased its stake in Vipshop Holdings Limited by 76.2% in the second quarter. Hershey Trust Co. now owns 168,410 shares of the technology company’s stock valued at $1,777,000 after buying an additional 72,854 shares in the last quarter. Murphy Capital Management Inc. acquired a new stake in Vipshop Holdings Limited during the second quarter valued at about $111,000. Finally, US Bancorp DE raised its position in shares of Vipshop Holdings Limited by 372.5% in the second quarter. US Bancorp DE now owns 23,609 shares of the technology company’s stock valued at $249,000 after buying an additional 18,612 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.
Vipshop Holdings Limited (VIPS) opened at 9.86 on Friday. The firm’s 50-day moving average price is $11.30 and its 200-day moving average price is $12.61. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 19.52 and a beta of 1.90. Vipshop Holdings Limited has a 12 month low of $9.84 and a 12 month high of $16.24.
Vipshop Holdings Limited (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $17.52 billion during the quarter, compared to the consensus estimate of $17.30 billion. Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 42.46%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. Equities research analysts predict that Vipshop Holdings Limited will post $0.81 earnings per share for the current year.
Several research analysts have recently commented on VIPS shares. TheStreet upgraded Vipshop Holdings Limited from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Stifel Nicolaus lifted their target price on Vipshop Holdings Limited from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 16th. J P Morgan Chase & Co upgraded Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a research report on Tuesday, May 16th. Nomura reiterated a “neutral” rating and issued a $16.80 target price (up previously from $16.40) on shares of Vipshop Holdings Limited in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $17.00 price objective on shares of Vipshop Holdings Limited in a research report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Vipshop Holdings Limited currently has an average rating of “Hold” and an average target price of $14.44.
About Vipshop Holdings Limited
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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