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A number of other hedge funds also recently made changes to their positions in the business. Fieldpoint Private Securities LLC increased its stake in shares of Vipshop by 170.1% during the first quarter. Fieldpoint Private Securities LLC now owns 4,510 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,840 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Vipshop by 90.6% during the fourth quarter. Quadrant Capital Group LLC now owns 6,740 shares of the technology company’s stock worth $57,000 after purchasing an additional 3,203 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Vipshop during the 1st quarter worth $65,000. Leo Brokerage LLC bought a new position in Vipshop during the 1st quarter worth $91,000. Finally, Connectus Wealth LLC bought a new position in Vipshop during the 4th quarter worth $94,000. 54.52% of the stock is owned by institutional investors and hedge funds.
Vipshop Stock Up 0.1 %
NYSE VIPS opened at $9.95 on Tuesday. Vipshop Holdings Limited has a twelve month low of $5.75 and a twelve month high of $17.91. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 10.47 and a beta of 0.48. The business’s fifty day moving average is $10.03 and its 200 day moving average is $9.01.
Vipshop (NYSE:VIPS – Get Rating) last released its quarterly earnings data on Thursday, May 19th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Vipshop had a return on equity of 15.31% and a net margin of 3.72%. The company had revenue of $23.93 billion for the quarter, compared to the consensus estimate of $25.69 billion. During the same quarter last year, the business posted $0.32 EPS. Vipshop’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, research analysts anticipate that Vipshop Holdings Limited will post 1.03 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered Vipshop from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $8.60 to $7.80 in a research note on Friday, May 20th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.23.
Vipshop Profile
Vipshop Holdings Limited operates online platforms for various brands in the People’s Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women’s apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.
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