Vipshop Holdings Limited (VIPS) Stake Decreased by Nationwide Fund Advisors
Nationwide Fund Advisors lowered its position in Vipshop Holdings Limited (NYSE:VIPS) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,077 shares of the technology company’s stock after selling 300 shares during the quarter. Nationwide Fund Advisors’ holdings in Vipshop Holdings Limited were worth $1,119,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Vipshop Holdings Limited by 4,449.5% in the first quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock valued at $237,973,000 after acquiring an additional 17,447,045 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Vipshop Holdings Limited in the second quarter valued at $9,040,000. NorthCoast Asset Management LLC purchased a new stake in shares of Vipshop Holdings Limited in the second quarter valued at $527,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Vipshop Holdings Limited by 5.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,008 shares of the technology company’s stock valued at $10,075,000 after acquiring an additional 50,717 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Vipshop Holdings Limited by 23.4% in the second quarter. Franklin Resources Inc. now owns 10,714,153 shares of the technology company’s stock valued at $113,035,000 after acquiring an additional 2,034,474 shares during the period. 56.54% of the stock is currently owned by institutional investors and hedge funds.
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Vipshop Holdings Limited (NYSE:VIPS) opened at 8.03 on Tuesday. The firm’s 50-day moving average is $8.91 and its 200 day moving average is $11.30. Vipshop Holdings Limited has a one year low of $7.80 and a one year high of $15.49. The company has a market capitalization of $4.72 billion, a PE ratio of 15.56 and a beta of 1.88.
Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The business had revenue of $17.52 billion for the quarter, compared to analysts’ expectations of $17.30 billion. Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities analysts expect that Vipshop Holdings Limited will post $0.73 EPS for the current fiscal year.
VIPS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, August 23rd. BidaskClub raised shares of Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. KeyCorp set a $13.00 price target on shares of Vipshop Holdings Limited and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Benchmark Co. raised their price target on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.95.
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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