Thrivent Financial for Lutherans bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 115,233 shares of the technology company’s stock, valued at approximately $1,571,000.
Several other institutional investors have also recently made changes to their positions in the business. IFP Advisors Inc increased its holdings in Vipshop by 69.5% in the 4th quarter. IFP Advisors Inc now owns 3,115 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,277 shares in the last quarter. Huntington National Bank boosted its position in shares of Vipshop by 121.0% during the third quarter. Huntington National Bank now owns 3,487 shares of the technology company’s stock valued at $29,000 after buying an additional 1,909 shares during the period. CWM LLC boosted its position in shares of Vipshop by 225.0% during the fourth quarter. CWM LLC now owns 3,549 shares of the technology company’s stock valued at $48,000 after buying an additional 2,457 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in shares of Vipshop during the third quarter valued at approximately $42,000. Finally, Castleview Partners LLC boosted its position in shares of Vipshop by 136.6% during the fourth quarter. Castleview Partners LLC now owns 7,953 shares of the technology company’s stock valued at $108,000 after buying an additional 4,591 shares during the period. Institutional investors own 49.81% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on VIPS shares. Benchmark upgraded Vipshop from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, February 24th. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating in a report on Friday, February 24th. Daiwa Capital Markets upgraded Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 price target for the company in a report on Wednesday, March 29th. Nomura Instinet upgraded Vipshop from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.00 to $17.00 in a report on Friday, February 24th. Finally, Citigroup lowered their price target on Vipshop from $17.00 to $15.00 in a report on Monday, February 27th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.08.
Vipshop Trading Down 0.8 %
Vipshop (NYSE:VIPS – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.52 billion. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. On average, sell-side analysts predict that Vipshop Holdings Limited will post 1.42 EPS for the current fiscal year.
Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.
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