Belpointe Asset Management LLC Makes New $49,000 Investment in Vipshop Holdings Limited (NYSE:VIPS)

Belpointe Asset Management LLC acquired a new position in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,602 shares of the technology company’s stock, valued at approximately $49,000.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vipshop in the fourth quarter valued at $155,030,000. Hsbc Holdings PLC boosted its stake in shares of Vipshop by 362.9% in the first quarter. Hsbc Holdings PLC now owns 4,236,968 shares of the technology company’s stock valued at $38,142,000 after purchasing an additional 3,321,593 shares during the period. Origin Asset Management LLP purchased a new position in shares of Vipshop in the third quarter valued at $13,660,000. LSV Asset Management boosted its stake in shares of Vipshop by 75.1% in the fourth quarter. LSV Asset Management now owns 3,668,700 shares of the technology company’s stock valued at $50,041,000 after purchasing an additional 1,572,900 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of Vipshop in the third quarter valued at $11,856,000. 49.81% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $14.17 on Wednesday. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 9.77 and a beta of 0.44. Vipshop Holdings Limited has a 1-year low of $6.36 and a 1-year high of $16.35. The company’s fifty day moving average is $15.07 and its two-hundred day moving average is $13.92.

Vipshop (NYSE:VIPS – Get Rating) last issued its earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Sell-side analysts expect that Vipshop Holdings Limited will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research note on Friday, February 24th. UBS Group upped their price target on shares of Vipshop from $17.50 to $18.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Citigroup cut their price target on shares of Vipshop from $17.00 to $15.00 in a report on Monday, February 27th. Daiwa Capital Markets raised shares of Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 price target on the stock in a report on Wednesday, March 29th. Finally, Nomura Instinet raised shares of Vipshop from a “neutral” rating to a “buy” rating and upped their price target for the company from $10.00 to $17.00 in a report on Friday, February 24th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.42.

Vipshop Company Profile

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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.