Melissa Juried Kriebel
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,165 shares of the technology company’s stock after buying an additional 22,485 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Vipshop were worth $1,405,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in Vipshop by 1.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,763,741 shares of the technology company’s stock worth $40,015,000 after buying an additional 64,431 shares during the last quarter. Bridgewater Associates LP increased its position in Vipshop by 25.9% during the fourth quarter. Bridgewater Associates LP now owns 1,515,986 shares of the technology company’s stock worth $12,734,000 after buying an additional 311,866 shares during the last quarter. Leo Brokerage LLC acquired a new position in Vipshop during the first quarter worth approximately $91,000. GAM Holding AG grew its position in shares of Vipshop by 24.4% in the fourth quarter. GAM Holding AG now owns 316,000 shares of the technology company’s stock valued at $2,654,000 after purchasing an additional 62,000 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Vipshop by 153.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 629,895 shares of the technology company’s stock valued at $5,291,000 after purchasing an additional 381,491 shares during the last quarter. Institutional investors and hedge funds own 54.52% of the company’s stock.
Vipshop Trading Down 3.8 %
Shares of VIPS stock opened at $9.60 on Friday. The stock has a market cap of $6.52 billion, a P/E ratio of 10.11 and a beta of 0.48. The stock has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $9.04. Vipshop Holdings Limited has a 1 year low of $5.75 and a 1 year high of $16.70.
Vipshop (NYSE:VIPS – Get Rating) last issued its quarterly earnings results on Thursday, May 19th. The technology company reported $0.27 earnings per share (EPS) 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 business had revenue of $23.93 billion during the quarter, compared to analysts’ expectations of $25.69 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. Analysts forecast that Vipshop Holdings Limited will post 1.03 EPS for the current year.
Analysts Set New Price Targets
Separately, Citigroup downgraded Vipshop from a “neutral” rating to a “sell” rating and decreased their target price for the company from $8.60 to $7.80 in a research report on Friday, May 20th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.23.
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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