Zurich Insurance Group Ltd FI Invests $1.21 Million in Vipshop Holdings Limited (NYSE:VIPS)

Zurich Insurance Group Ltd FI purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,200 shares of the technology company’s stock, valued at approximately $1,211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its holdings in shares of Vipshop by 56.4% during the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Natixis Advisors L.P. boosted its holdings in shares of Vipshop by 1.2% during the fourth quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock worth $1,132,000 after purchasing an additional 757 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Vipshop by 5.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock worth $264,000 after buying an additional 779 shares in the last quarter. Diversified Trust Co raised its stake in Vipshop by 0.9% in the first quarter. Diversified Trust Co now owns 99,737 shares of the technology company’s stock worth $1,651,000 after buying an additional 875 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its stake in Vipshop by 6.4% in the fourth quarter. Vinva Investment Management Ltd now owns 16,007 shares of the technology company’s stock worth $281,000 after buying an additional 969 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on VIPS. StockNews.com downgraded shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Citigroup decreased their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Benchmark downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Vipshop Stock Down 0.7 %

Shares of NYSE VIPS traded down $0.09 on Tuesday, reaching $13.51. 910,391 shares of the company’s stock traded hands, compared to its average volume of 3,937,726. Vipshop Holdings Limited has a 12 month low of $12.94 and a 12 month high of $20.19. The business’s 50 day simple moving average is $14.64 and its two-hundred day simple moving average is $15.91. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 6.27 and a beta of 0.32.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. Analysts forecast that Vipshop Holdings Limited will post 2.16 earnings per share for the current fiscal year.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.