Fieldpoint Private Securities LLC raised its position in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 170.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,510 shares of the technology company’s stock after acquiring an additional 2,840 shares during the period. Fieldpoint Private Securities LLC’s holdings in Vipshop were worth $41,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in Vipshop during the fourth quarter valued at about $115,268,000. Krane Funds Advisors LLC lifted its position in Vipshop by 12.3% during the 4th quarter. Krane Funds Advisors LLC now owns 10,195,861 shares of the technology company’s stock worth $85,645,000 after acquiring an additional 1,119,438 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vipshop by 26.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,857,273 shares of the technology company’s stock worth $82,801,000 after acquiring an additional 2,045,776 shares during the period. Schroder Investment Management Group raised its stake in shares of Vipshop by 19.5% during the fourth quarter. Schroder Investment Management Group now owns 9,315,292 shares of the technology company’s stock valued at $391,242,000 after purchasing an additional 1,519,293 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of Vipshop by 13.0% during the fourth quarter. Nuveen Asset Management LLC now owns 8,068,629 shares of the technology company’s stock worth $67,776,000 after purchasing an additional 929,747 shares in the last quarter. 54.52% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on VIPS shares. JPMorgan Chase & Co. reduced their target price on shares of Vipshop from $9.00 to $7.00 in a research report on Monday, March 14th. Morgan Stanley cut shares of Vipshop from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $15.00 to $10.00 in a research report on Thursday, February 24th. Citigroup lowered shares of Vipshop from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $8.60 to $7.80 in a research note on Friday, May 20th. Finally, StockNews.com began coverage on shares of Vipshop in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.23.
Vipshop (NYSE:VIPS – Get Rating) last released its earnings results on Thursday, May 19th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Vipshop had a net margin of 3.72% and a return on equity of 15.31%. The firm had revenue of $23.93 billion during the quarter, compared to analyst estimates of $25.69 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, equities research analysts predict that Vipshop Holdings Limited will post 1 earnings per share for the current fiscal year.
Vipshop Profile (Get Rating)
Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.
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