Vipshop Holdings Limited (VIPS) Position Raised by Point72 Asset Management L.P.
Point72 Asset Management L.P. boosted its stake in Vipshop Holdings Limited (NYSE:VIPS) by 18.7% during the first quarter, Holdings Channel reports. The fund owned 2,425,000 shares of the technology company’s stock after buying an additional 381,700 shares during the period. Point72 Asset Management L.P.’s holdings in Vipshop Holdings Limited were worth $32,350,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oxford Asset Management purchased a new position in shares of Vipshop Holdings Limited during the fourth quarter valued at about $112,000. Envestnet Asset Management Inc. increased its stake in shares of Vipshop Holdings Limited by 31.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,478 shares of the technology company’s stock valued at $116,000 after buying an additional 2,521 shares during the period. Advisors Preferred LLC bought a new stake in shares of Vipshop Holdings Limited during the first quarter valued at approximately $134,000. Koch Industries Inc. bought a new stake in shares of Vipshop Holdings Limited during the first quarter valued at approximately $151,000. Finally, United Capital Financial Advisers LLC bought a new stake in shares of Vipshop Holdings Limited during the first quarter valued at approximately $152,000. Institutional investors and hedge funds own 68.52% of the company’s stock.
Shares of Vipshop Holdings Limited (NYSE:VIPS) traded up 1.45% during mid-day trading on Friday, hitting $11.87. The company had a trading volume of 7,879,930 shares. Vipshop Holdings Limited has a 52 week low of $10.30 and a 52 week high of $17.41. The firm has a 50-day moving average price of $13.18 and a 200-day moving average price of $12.62. The firm has a market capitalization of $6.95 billion, a PE ratio of 23.14 and a beta of 1.84.
Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Monday, May 15th. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.62 billion. Vipshop Holdings Limited had a return on equity of 44.90% and a net margin of 3.50%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities analysts forecast that Vipshop Holdings Limited will post $0.84 earnings per share for the current year.
Several analysts have recently commented on VIPS shares. TheStreet raised Vipshop Holdings Limited from a “c+” rating to a “b” rating in a research note on Thursday, May 11th. Stifel Nicolaus increased their price objective on Vipshop Holdings Limited from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Benchmark Co. started coverage on Vipshop Holdings Limited in a research note on Tuesday, April 18th. They issued a “buy” rating and a $17.00 price objective for the company. Jefferies Group LLC set a $17.00 price objective on Vipshop Holdings Limited and gave the stock a “buy” rating in a research note on Saturday, April 1st. Finally, Nomura reissued a “neutral” rating and issued a $16.80 price objective (up from $16.40) on shares of Vipshop Holdings Limited in a research note on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.11.
Vipshop Holdings Limited 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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