Ballentine Partners LLC Takes $189,000 Position in Vipshop Holdings Limited (NYSE:VIPS)

Ballentine Partners LLC purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,449 shares of the technology company’s stock, valued at approximately $189,000.

Several other large investors also recently modified their holdings of the company. Park Avenue Securities LLC increased its holdings in Vipshop by 14.6% during the first quarter. Park Avenue Securities LLC now owns 62,622 shares of the technology company’s stock valued at $1,036,000 after buying an additional 7,959 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Vipshop by 36.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,204,862 shares of the technology company’s stock worth $19,940,000 after purchasing an additional 321,622 shares during the period. Nomura Holdings Inc. lifted its position in Vipshop by 58.3% during the fourth quarter. Nomura Holdings Inc. now owns 585,088 shares of the technology company’s stock valued at $10,391,000 after purchasing an additional 215,520 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Vipshop during the fourth quarter valued at about $459,000. Finally, Vanguard Group Inc. increased its position in Vipshop by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 13,513,926 shares of the technology company’s stock worth $240,007,000 after buying an additional 1,154,149 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

VIPS opened at $13.79 on Thursday. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 6.41 and a beta of 0.39. The company has a fifty day moving average of $15.77 and a 200 day moving average of $16.44. Vipshop Holdings Limited has a fifty-two week low of $13.63 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.87 billion. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. On average, equities research analysts forecast that Vipshop Holdings Limited will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. HSBC lowered their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Citigroup dropped their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. StockNews.com downgraded shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Finally, Benchmark downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.60.

About Vipshop

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.