Envestnet Portfolio Solutions Inc. Increases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,197 shares of the technology company’s stock after buying an additional 2,491 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vipshop were worth $270,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VIPS. Harvest Fund Management Co. Ltd boosted its stake in Vipshop by 93.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 378,910 shares of the technology company’s stock worth $6,066,000 after buying an additional 183,340 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Vipshop by 14.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 178,322 shares of the technology company’s stock worth $2,855,000 after buying an additional 23,058 shares during the period. abrdn plc lifted its position in shares of Vipshop by 15.3% during the third quarter. abrdn plc now owns 557,301 shares of the technology company’s stock worth $8,922,000 after purchasing an additional 74,100 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Vipshop by 0.3% during the third quarter. New York State Common Retirement Fund now owns 1,158,079 shares of the technology company’s stock worth $18,541,000 after purchasing an additional 3,387 shares in the last quarter. Finally, Comgest Global Investors S.A.S. lifted its position in shares of Vipshop by 0.6% during the third quarter. Comgest Global Investors S.A.S. now owns 2,522,552 shares of the technology company’s stock worth $40,386,000 after purchasing an additional 15,365 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 0.2 %

Shares of NYSE:VIPS opened at $15.94 on Friday. The firm’s 50 day moving average price is $16.39 and its 200 day moving average price is $16.45. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 7.41 and a beta of 0.44. Vipshop Holdings Limited has a fifty-two week low of $13.80 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $5.15. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The company had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts anticipate that Vipshop Holdings Limited will post 2.24 EPS for the current year.

Analyst Upgrades and Downgrades

VIPS has been the topic of several research reports. HSBC reduced their price target on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Citigroup reduced their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday. Benchmark cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.