MARSHALL WACE ASIA Ltd trimmed its holdings in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 89.3% in the 3rd quarter, Holdings Channel reports. The firm owned 252,503 shares of the technology company’s stock after selling 2,100,372 shares during the quarter. MARSHALL WACE ASIA Ltd’s holdings in Vipshop were worth $1,576,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Vipshop by 32.8% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 30,400 shares of the technology company’s stock valued at $330,000 after acquiring an additional 7,500 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of Vipshop in the second quarter valued at about $108,000. Aviva PLC raised its holdings in shares of Vipshop by 11.1% in the second quarter. Aviva PLC now owns 111,800 shares of the technology company’s stock valued at $1,213,000 after acquiring an additional 11,200 shares in the last quarter. Greenleaf Trust bought a new stake in shares of Vipshop in the second quarter valued at about $122,000. Finally, Dai Ichi Life Insurance Company Ltd grew its stake in Vipshop by 12.9% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 106,686 shares of the technology company’s stock valued at $1,158,000 after purchasing an additional 12,213 shares during the last quarter. Hedge funds and other institutional investors own 47.87% of the company’s stock.
VIPS has been the topic of several analyst reports. Zacks Investment Research upgraded Vipshop from a “sell” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Wednesday, October 17th. Benchmark cut their target price on Vipshop to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 15th. ValuEngine upgraded Vipshop from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. UBS Group cut their target price on Vipshop from $8.00 to $5.50 and set a “neutral” rating on the stock in a research note on Friday, October 12th. Finally, JPMorgan Chase & Co. lowered Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 target price on the stock. in a research note on Tuesday, October 9th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.05.
Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, November 14th. The technology company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. Vipshop had a return on equity of 13.12% and a net margin of 2.57%. The business had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.59 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Vipshop Holdings Ltd – will post 0.43 earnings per share for the current year.
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Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.
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