Seven Eight Capital LP purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,599 shares of the technology company’s stock, valued at approximately $165,000.
A number of other institutional investors have also bought and sold shares of the stock. DnB Asset Management AS grew its holdings in Vipshop Holdings Limited by 0.4% during the second quarter. DnB Asset Management AS now owns 28,110 shares of the technology company’s stock worth $297,000 after purchasing an additional 100 shares during the period. OLD National Bancorp IN grew its holdings in Vipshop Holdings Limited by 1.1% during the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after purchasing an additional 128 shares during the period. Comerica Bank grew its holdings in Vipshop Holdings Limited by 1.3% during the first quarter. Comerica Bank now owns 29,105 shares of the technology company’s stock worth $405,000 after purchasing an additional 386 shares during the period. World Asset Management Inc grew its holdings in Vipshop Holdings Limited by 1.4% during the first quarter. World Asset Management Inc now owns 31,518 shares of the technology company’s stock worth $420,000 after purchasing an additional 445 shares during the period. Finally, Financial Counselors Inc. grew its holdings in Vipshop Holdings Limited by 4.2% during the second quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock worth $145,000 after purchasing an additional 547 shares during the period. Institutional investors and hedge funds own 56.42% of the company’s stock.
Shares of Vipshop Holdings Limited (NYSE VIPS) opened at 9.85 on Wednesday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 19.31 and a beta of 1.95. The stock has a 50 day moving average of $10.21 and a 200-day moving average of $12.15. Vipshop Holdings Limited has a 52-week low of $8.72 and a 52-week high of $16.24.
Vipshop Holdings Limited (NYSE:VIPS) last released its earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The company had revenue of $17.52 billion for the quarter, compared to the consensus estimate of $17.30 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The firm’s revenue was up 30.3% on a year-over-year basis. Equities analysts expect that Vipshop Holdings Limited will post $0.75 earnings per share for the current fiscal year.
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A number of equities research analysts have recently issued reports on VIPS shares. Daiwa Capital Markets cut Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Thursday, August 17th. BidaskClub upgraded Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Benchmark Co. boosted their price objective on Vipshop Holdings Limited from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Macquarie reduced their price objective on Vipshop Holdings Limited from $16.50 to $11.00 and set an “outperform” rating for the company in a report on Friday, August 18th. Finally, HSBC Holdings plc cut Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Vipshop Holdings Limited presently has an average rating of “Hold” and an average price target of $14.04.
About Vipshop Holdings Limited
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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