Global X MANAGEMENT CO LLC increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 47.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,192 shares of the technology company’s stock after buying an additional 89,246 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Vipshop Holdings Limited were worth $2,454,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in VIPS. Murphy Capital Management Inc. purchased a new position in shares of Vipshop Holdings Limited during the second quarter valued at $111,000. 1st Global Advisors Inc. increased its stake in shares of Vipshop Holdings Limited by 1.5% during the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after buying an additional 160 shares during the period. FNY Partners Fund LP increased its stake in shares of Vipshop Holdings Limited by 71.9% during the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock valued at $116,000 after buying an additional 4,600 shares during the period. Advisors Preferred LLC purchased a new position in Vipshop Holdings Limited in the third quarter valued at about $117,000. Finally, OLD National Bancorp IN grew its stake in Vipshop Holdings Limited by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock valued at $120,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Vipshop Holdings Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub upgraded Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Macquarie dropped their price target on Vipshop Holdings Limited from $16.50 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Daiwa Capital Markets lowered Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research note on Thursday, August 17th. Finally, HSBC Holdings plc lowered Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.57.
Shares of Vipshop Holdings Limited (VIPS) opened at $8.23 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. Vipshop Holdings Limited has a 12-month low of $7.79 and a 12-month high of $15.49. The company has a market capitalization of $4,844.64, a P/E ratio of 13.91 and a beta of 2.06.
Vipshop Holdings Limited (NYSE:VIPS) last issued its earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The company had revenue of $17.52 billion during the quarter, compared to analysts’ expectations of $17.30 billion. Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share. analysts predict that Vipshop Holdings Limited will post 0.61 EPS for the current fiscal year.
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Vipshop Holdings Limited Company Profile
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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