Voleon Capital Management LP trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS) by 72.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 575,000 shares of the technology company’s stock after selling 1,500,000 shares during the period. Vipshop comprises approximately 10.7% of Voleon Capital Management LP’s investment portfolio, making the stock its 5th biggest position. Voleon Capital Management LP’s holdings in Vipshop were worth $17,170,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Institutional & Family Asset Management LLC acquired a new stake in Vipshop during the 1st quarter worth about $40,000. Capital Asset Advisory Services LLC acquired a new stake in Vipshop during the 4th quarter worth about $43,000. Quadrant Capital Group LLC grew its holdings in Vipshop by 36.1% during the 1st quarter. Quadrant Capital Group LLC now owns 2,026 shares of the technology company’s stock worth $60,000 after acquiring an additional 537 shares during the period. JJJ Advisors Inc. grew its holdings in Vipshop by 48.9% during the 1st quarter. JJJ Advisors Inc. now owns 2,488 shares of the technology company’s stock worth $74,000 after acquiring an additional 817 shares during the period. Finally, James Investment Research Inc. grew its holdings in Vipshop by 68.0% during the 1st quarter. James Investment Research Inc. now owns 3,079 shares of the technology company’s stock worth $92,000 after acquiring an additional 1,246 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.
A number of analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Vipshop from a “neutral” rating to an “overweight” rating in a report on Thursday, April 15th. Zacks Investment Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, HSBC cut their price objective on shares of Vipshop from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, May 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.20.
Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Tuesday, May 18th. The technology company reported $2.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $2.07. Vipshop had a net margin of 6.07% and a return on equity of 21.64%. The business had revenue of $27.22 billion for the quarter, compared to analysts’ expectations of $28.01 billion. During the same quarter last year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 44.9% compared to the same quarter last year. On average, sell-side analysts predict that Vipshop Holdings Limited will post 1.43 EPS for the current fiscal year.
Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items; and accessories that include belts, jewelry, watches, and glasses for women and men.
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