Hennessy Advisors Inc. bought a new position in Vipshop Holdings Ltd – (NYSE:VIPS) in the fourth quarter, HoldingsChannel reports. The fund bought 12,675 shares of the technology company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Vipshop by 94.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 27,400 shares of the technology company’s stock valued at $171,000 after buying an additional 13,300 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Vipshop in the 2nd quarter valued at $183,000. Sompo Japan Nipponkoa Asset Management CO. LTD. increased its stake in shares of Vipshop by 48.4% in the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 37,810 shares of the technology company’s stock valued at $236,000 after buying an additional 12,340 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Vipshop by 80.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 41,894 shares of the technology company’s stock valued at $261,000 after buying an additional 18,696 shares during the period. Finally, Granite Point Capital Management L.P. increased its stake in shares of Vipshop by 200.0% in the 3rd quarter. Granite Point Capital Management L.P. now owns 45,000 shares of the technology company’s stock valued at $281,000 after buying an additional 30,000 shares during the period. 47.75% of the stock is owned by institutional investors and hedge funds.

NYSE:VIPS opened at $6.56 on Friday. Vipshop Holdings Ltd – has a 12-month low of $4.30 and a 12-month high of $19.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.89 and a current ratio of 1.12. The firm has a market capitalization of $3.89 billion, a PE ratio of 11.31 and a beta of 1.50.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, November 14th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Vipshop had a return on equity of 13.12% and a net margin of 2.57%. The business had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.59 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. Analysts forecast that Vipshop Holdings Ltd – will post 0.43 EPS for the current fiscal year.

Several research firms have recently commented on VIPS. Benchmark lowered their target price on Vipshop from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Citigroup lowered their target price on Vipshop to $5.40 and set a “sell” rating for the company in a research note on Monday, October 15th. UBS Group lowered their target price on Vipshop from $8.00 to $5.50 and set a “neutral” rating for the company in a research note on Friday, October 12th. Zacks Investment Research raised Vipshop from a “sell” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Wednesday, October 17th. Finally, JPMorgan Chase & Co. cut Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 target price for the company. in a research note on Tuesday, October 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.14.

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About Vipshop

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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