Hsbc Holdings PLC Acquires 2,117,902 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Hsbc Holdings PLC increased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 155.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,483,943 shares of the technology company’s stock after purchasing an additional 2,117,902 shares during the period. Hsbc Holdings PLC owned approximately 0.64% of Vipshop worth $45,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Vipshop by 19.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,197 shares of the technology company’s stock worth $270,000 after buying an additional 2,491 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Vipshop by 18.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,622 shares of the technology company’s stock worth $242,000 after buying an additional 2,162 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Vipshop by 24.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,531 shares of the technology company’s stock worth $507,000 after buying an additional 5,553 shares in the last quarter. Norges Bank bought a new position in Vipshop during the fourth quarter valued at approximately $70,333,000. Finally, UBS Group AG lifted its holdings in shares of Vipshop by 32.5% in the 4th quarter. UBS Group AG now owns 855,980 shares of the technology company’s stock worth $15,202,000 after acquiring an additional 209,949 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Performance

VIPS opened at $13.15 on Friday. The stock has a market capitalization of $7.13 billion, a PE ratio of 6.12 and a beta of 0.33. The stock’s 50 day moving average price is $13.19 and its 200-day moving average price is $14.98. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19.

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

Analyst Ratings Changes

Several research firms recently commented on VIPS. Morgan Stanley reduced their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.