Standard Life Aberdeen plc trimmed its holdings in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 14.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 526,222 shares of the technology company’s stock after selling 86,891 shares during the quarter. Standard Life Aberdeen plc’s holdings in Vipshop were worth $5,710,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of VIPS. Hsbc Holdings PLC increased its stake in Vipshop by 183.4% during the 1st quarter. Hsbc Holdings PLC now owns 10,606,652 shares of the technology company’s stock worth $176,279,000 after purchasing an additional 6,864,630 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Vipshop during the 1st quarter worth approximately $113,798,000. Canada Pension Plan Investment Board increased its stake in Vipshop by 3,978.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after purchasing an additional 4,894,000 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd increased its stake in Vipshop by 157.3% during the 1st quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 6,766,900 shares of the technology company’s stock worth $112,466,000 after purchasing an additional 4,137,400 shares in the last quarter. Finally, Boston Partners increased its stake in Vipshop by 4,158.6% during the 1st quarter. Boston Partners now owns 2,624,682 shares of the technology company’s stock worth $43,622,000 after purchasing an additional 2,563,049 shares in the last quarter. 50.06% of the stock is owned by institutional investors and hedge funds.
VIPS has been the subject of several research reports. Benchmark decreased their price target on shares of Vipshop from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, May 16th. Zacks Investment Research raised shares of Vipshop from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine raised shares of Vipshop from a “sell” rating to a “hold” rating in a research note on Monday, May 28th. Daiwa Capital Markets cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, Goldman Sachs Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and set a $14.30 price target for the company. in a research note on Wednesday, July 11th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.65.
Shares of VIPS opened at $6.72 on Wednesday. The company has a market cap of $4.60 billion, a PE ratio of 13.96 and a beta of 1.77. Vipshop Holdings Ltd – has a twelve month low of $6.66 and a twelve month high of $19.14.
Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.73. The company had revenue of $20.74 billion during the quarter, compared to analysts’ expectations of $21.23 billion. Vipshop had a net margin of 2.78% and a return on equity of 15.75%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. equities research analysts predict that Vipshop Holdings Ltd – will post 0.4 earnings per share for the current fiscal year.
Vipshop Company 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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