111,751 Shares in Vipshop Holdings Limited (NYSE:VIPS) Purchased by Seven Eight Capital LP

Seven Eight Capital LP purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 111,751 shares of the technology company’s stock, valued at approximately $1,455,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Vipshop during the 4th quarter worth $70,333,000. Krane Funds Advisors LLC lifted its holdings in shares of Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after purchasing an additional 2,659,117 shares during the last quarter. FIL Ltd boosted its position in shares of Vipshop by 31.2% in the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after purchasing an additional 2,593,670 shares during the period. Goldman Sachs Group Inc. increased its stake in Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after buying an additional 2,117,902 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Trading Up 4.0 %

NYSE VIPS opened at $13.36 on Friday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The firm’s fifty day simple moving average is $13.21 and its 200-day simple moving average is $14.99. The company has a market capitalization of $7.25 billion, a PE ratio of 6.21 and a beta of 0.33.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, analysts predict that Vipshop Holdings Limited will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VIPS. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Benchmark lowered Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Morgan Stanley lowered their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, Citigroup reduced their price objective on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vipshop has a consensus rating of “Hold” and a consensus price target of $17.75.

Vipshop Profile

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.