Sompo Japan Nipponkoa Asset Management CO. LTD. grew its position in Vipshop Holdings Ltd – (NYSE:VIPS) by 48.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 37,810 shares of the technology company’s stock after purchasing an additional 12,340 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Vipshop were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Schroder Investment Management Group raised its holdings 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 valued at $267,808,000 after purchasing an additional 5,294,013 shares during the last quarter. OppenheimerFunds Inc. raised its holdings 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 valued at $224,580,000 after purchasing an additional 19,451,180 shares during the last quarter. Global Thematic Partners LLC raised its holdings 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 valued at $39,825,000 after purchasing an additional 2,468,257 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings 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 valued at $54,435,000 after purchasing an additional 4,894,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Vipshop during the second quarter valued at approximately $45,847,000. 50.13% of the stock is owned by institutional investors and hedge funds.

VIPS has been the subject of several research reports. ValuEngine cut shares of Vipshop from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. UBS Group cut their target price on shares of Vipshop from $8.00 to $5.50 and set a “neutral” rating for the company in a research report on Friday, October 12th. Citigroup cut their target price on shares of Vipshop to $5.40 and set a “sell” rating for the company in a research report on Monday, October 15th. Benchmark cut their target price on shares of Vipshop to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 15th. Finally, JPMorgan Chase & Co. lowered shares of Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 target price for the company. in a research report on Tuesday, October 9th. Four equities research 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 currently has an average rating of “Hold” and a consensus target price of $11.21.

Shares of NYSE VIPS opened at $5.06 on Friday. The company has a market cap of $3.93 billion, a P/E ratio of 11.94 and a beta of 1.71. Vipshop Holdings Ltd – has a 12-month low of $4.30 and a 12-month high of $19.14.

Vipshop (NYSE:VIPS) last announced its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.73. The company had revenue of $20.74 billion during the quarter, compared to analyst estimates of $21.23 billion. Vipshop had a net margin of 2.78% and a return on equity of 15.75%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 earnings per share. On average, equities analysts predict that Vipshop Holdings Ltd – will post 0.41 EPS for the current fiscal year.

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Vipshop 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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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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