Steward Partners Investment Advisory LLC reduced its stake in Vipshop Holdings Ltd – (NYSE:VIPS) by 32.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,500 shares of the technology company’s stock after selling 12,000 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Vipshop were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of VIPS. Norges Bank bought a new stake in shares of Vipshop in the fourth quarter valued at approximately $28,848,000. Acadian Asset Management LLC bought a new stake in shares of Vipshop in the first quarter valued at approximately $14,373,000. KEYWISE CAPITAL MANAGEMENT Ltd boosted its stake in shares of Vipshop by 23.1% in the first quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 7,315,800 shares of the technology company’s stock valued at $58,746,000 after buying an additional 1,371,500 shares during the period. Andra AP fonden bought a new stake in shares of Vipshop in the first quarter valued at approximately $7,354,000. Finally, Bank of Montreal Can lifted its stake in Vipshop by 188.3% during the first quarter. Bank of Montreal Can now owns 1,134,465 shares of the technology company’s stock worth $9,110,000 after purchasing an additional 740,981 shares during the last quarter. Institutional investors and hedge funds own 45.80% of the company’s stock.
Several research firms have weighed in on VIPS. Citigroup upgraded Vipshop from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 28th. ValuEngine cut Vipshop from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. UBS Group cut Vipshop from a “neutral” rating to a “sell” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded Vipshop from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Saturday, April 27th. Finally, JPMorgan Chase & Co. upgraded Vipshop from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $6.50 to $11.00 in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Vipshop currently has an average rating of “Hold” and an average target price of $8.18.
Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $20.55 billion. Vipshop had a return on equity of 12.56% and a net margin of 2.89%. Vipshop’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. On average, research analysts predict that Vipshop Holdings Ltd – will post 0.57 EPS for the current year.
Vipshop Company Profile
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 casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.
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