Tobam reduced its position in Vipshop Holdings Ltd – (NYSE:VIPS) by 24.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 729,984 shares of the technology company’s stock after selling 239,200 shares during the quarter. Tobam’s holdings in Vipshop were worth $4,555,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in VIPS. OppenheimerFunds Inc. grew its position in shares of Vipshop by 1,559.4% during the second quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock worth $224,580,000 after buying an additional 19,451,180 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Vipshop by 27.2% during the second quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock worth $267,808,000 after buying an additional 5,294,013 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Vipshop by 3,978.5% during the second quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after buying an additional 4,894,000 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Vipshop during the second quarter worth about $45,847,000. Finally, Global Thematic Partners LLC grew its position in shares of Vipshop by 63.1% during the third quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock worth $39,825,000 after buying an additional 2,468,257 shares in the last quarter. 49.89% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE VIPS opened at $5.66 on Friday. Vipshop Holdings Ltd – has a twelve month low of $4.30 and a twelve month high of $19.14. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 9.76 and a beta of 1.71.
Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, November 14th. The technology company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The company had revenue of $17.83 billion during the quarter, compared to analysts’ expectations of $17.59 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts expect that Vipshop Holdings Ltd – will post 0.41 EPS for the current year.
A number of equities analysts recently issued reports on VIPS shares. CLSA downgraded Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price target for the company. in a report on Tuesday, August 14th. ValuEngine raised Vipshop from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Citigroup lowered their price target on Vipshop to $5.40 and set a “sell” rating for the company in a report on Monday, October 15th. UBS Group lowered their price target on Vipshop from $8.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, October 12th. Finally, Benchmark lowered their price target on Vipshop to $12.00 and set a “buy” rating for the company in a report on Wednesday, August 15th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.21.
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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 shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.
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