Profund Advisors LLC grew its position in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 54.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,972 shares of the technology company’s stock after buying an additional 28,864 shares during the quarter. Profund Advisors LLC’s holdings in Vipshop were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Vipshop by 23.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,900 shares of the technology company’s stock valued at $748,000 after buying an additional 13,500 shares during the period. Comgest Global Investors S.A.S. lifted its holdings in Vipshop by 1.0% in the third quarter. Comgest Global Investors S.A.S. now owns 24,948,420 shares of the technology company’s stock valued at $219,297,000 after buying an additional 244,617 shares during the period. NorthCoast Asset Management LLC increased its stake in Vipshop by 2,614.7% in the third quarter. NorthCoast Asset Management LLC now owns 1,357,271 shares of the technology company’s stock valued at $11,930,000 after purchasing an additional 1,307,274 shares in the last quarter. Hosking Partners LLP increased its stake in Vipshop by 148.5% in the third quarter. Hosking Partners LLP now owns 985,995 shares of the technology company’s stock valued at $8,667,000 after purchasing an additional 589,160 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Vipshop by 25.0% in the third quarter. Legal & General Group Plc now owns 996,385 shares of the technology company’s stock valued at $8,759,000 after purchasing an additional 199,111 shares in the last quarter. 47.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vipshop stock opened at $16.70 on Friday. Vipshop Holdings Ltd – has a twelve month low of $7.79 and a twelve month high of $19.14. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10,813.02, a price-to-earnings ratio of 28.79 and a beta of 2.27.
Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Vipshop had a net margin of 2.67% and a return on equity of 25.75%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.60 billion. equities research analysts expect that Vipshop Holdings Ltd – will post 0.64 EPS for the current fiscal year.
Several equities research analysts have commented on VIPS shares. Daiwa Capital Markets raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. HSBC raised shares of Vipshop from a “reduce” rating to a “hold” rating in a research report on Wednesday, January 3rd. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Sanford C. Bernstein raised shares of Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Tuesday, January 16th. Finally, KeyCorp set a $17.00 target price on shares of Vipshop and gave the company a “buy” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Vipshop currently has an average rating of “Buy” and a consensus price target of $17.20.
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Vipshop Company Profile
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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