Geode Capital Management LLC Buys 50,266 Shares of Vipshop Holdings Limited (VIPS)
Geode Capital Management LLC increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,628 shares of the technology company’s stock after buying an additional 50,266 shares during the period. Geode Capital Management LLC’s holdings in Vipshop Holdings Limited were worth $6,769,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Vipshop Holdings Limited by 4.4% in the first quarter. Vanguard Group Inc. now owns 2,174,752 shares of the technology company’s stock worth $29,011,000 after buying an additional 91,875 shares during the period. Marshall Wace North America L.P. bought a new position in Vipshop Holdings Limited during the first quarter worth $31,703,000. MARSHALL WACE ASIA Ltd bought a new position in Vipshop Holdings Limited during the first quarter worth $31,703,000. Koch Industries Inc. bought a new position in Vipshop Holdings Limited during the first quarter worth $151,000. Finally, Legal & General Group Plc raised its position in Vipshop Holdings Limited by 3.0% in the first quarter. Legal & General Group Plc now owns 783,143 shares of the technology company’s stock worth $10,447,000 after buying an additional 22,900 shares during the period. 68.47% of the stock is currently owned by institutional investors.
Vipshop Holdings Limited (NYSE:VIPS) last posted its quarterly earnings data on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Vipshop Holdings Limited had a return on equity of 44.90% and a net margin of 3.50%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the business earned $0.16 EPS. Vipshop Holdings Limited’s revenue for the quarter was up 31.1% compared to the same quarter last year.
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A number of research firms have weighed in on VIPS. BidaskClub raised Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG lowered Vipshop Holdings Limited from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.50 to $12.60 in a research note on Friday, June 30th. TheStreet lowered Vipshop Holdings Limited from a “b” rating to a “c+” rating in a research note on Monday, June 19th. Jefferies Group LLC reissued a “buy” rating and set a $17.00 price objective on shares of Vipshop Holdings Limited in a research note on Friday, May 19th. Finally, Nomura reaffirmed a “neutral” rating and issued a $16.80 price target (up previously from $16.40) on shares of Vipshop Holdings Limited in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Vipshop Holdings Limited presently has a consensus rating of “Buy” and a consensus price target of $15.80.
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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