Capstone Asset Management Co. Sells 500 Shares of Vipshop Holdings Limited (VIPS)
Capstone Asset Management Co. cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,220 shares of the technology company’s stock after selling 500 shares during the period. Capstone Asset Management Co.’s holdings in Vipshop Holdings Limited were worth $245,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. raised its position in Vipshop Holdings Limited by 13.4% in the first quarter. APG Asset Management N.V. now owns 1,235,157 shares of the technology company’s stock worth $16,477,000 after buying an additional 145,800 shares during the last quarter. Tiger Pacific Capital LP raised its position in Vipshop Holdings Limited by 13.5% in the first quarter. Tiger Pacific Capital LP now owns 899,696 shares of the technology company’s stock worth $12,002,000 after buying an additional 107,200 shares during the last quarter. Seatown Holdings Pte. Ltd. bought a new position in Vipshop Holdings Limited during the first quarter worth about $8,993,000. Strs Ohio raised its position in Vipshop Holdings Limited by 14.0% in the first quarter. Strs Ohio now owns 40,000 shares of the technology company’s stock worth $533,000 after buying an additional 4,900 shares during the last quarter. Finally, Shell Asset Management Co. raised its position in Vipshop Holdings Limited by 1.1% in the first quarter. Shell Asset Management Co. now owns 114,985 shares of the technology company’s stock worth $1,534,000 after buying an additional 1,300 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vipshop Holdings Limited (NYSE:VIPS) traded down 2.45% on Friday, reaching $9.95. The company had a trading volume of 11,692,038 shares. Vipshop Holdings Limited has a 12 month low of $9.85 and a 12 month high of $16.24. The stock has a 50 day moving average price of $11.35 and a 200-day moving average price of $12.62. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 19.98 and a beta of 1.90. Vipshop Holdings Limited also was the recipient of some unusual options trading on Tuesday. Traders bought 12,416 call options on the stock. This represents an increase of 267% compared to the typical daily volume of 3,379 call options.
Vipshop Holdings Limited (NYSE:VIPS) last posted its earnings results on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by $0.01. Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 42.46%. The business had revenue of $17.52 billion during the quarter, compared to analyst estimates of $17.30 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. Analysts forecast that Vipshop Holdings Limited will post $0.83 EPS for the current fiscal year.
A number of research firms have recently issued reports on VIPS. Nomura reissued a “neutral” rating and issued a $16.80 target price (up previously from $16.40) on shares of Vipshop Holdings Limited in a report on Tuesday, May 16th. Stifel Nicolaus boosted their target price on Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 16th. J P Morgan Chase & Co raised Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Tuesday, May 16th. TheStreet raised Vipshop Holdings Limited from a “c+” rating to a “b” rating in a report on Thursday, May 11th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Vipshop Holdings Limited in a report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Vipshop Holdings Limited currently has an average rating of “Hold” and an average target price of $15.16.
About Vipshop Holdings Limited
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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