Skandinaviska Enskilda Banken AB publ Purchases 28,600 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 8.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 365,208 shares of the technology company’s stock after purchasing an additional 28,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Vipshop worth $4,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of Vipshop by 30.0% in the second quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock valued at $43,996,000 after acquiring an additional 780,443 shares in the last quarter. Intech Investment Management LLC purchased a new position in Vipshop during the 2nd quarter valued at about $1,464,000. XTX Topco Ltd bought a new stake in shares of Vipshop in the 2nd quarter valued at about $724,000. Seven Eight Capital LP bought a new position in shares of Vipshop during the second quarter valued at approximately $1,455,000. Finally, Hsbc Holdings PLC increased its holdings in Vipshop by 155.0% during the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after buying an additional 2,117,902 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Vipshop stock opened at $13.14 on Monday. The stock has a market cap of $7.13 billion, a PE ratio of 6.11 and a beta of 0.33. The stock has a 50-day moving average of $13.17 and a two-hundred day moving average of $14.91. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating the consensus estimate of $0.48 by $3.43. The firm 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%. Vipshop’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, sell-side analysts predict that Vipshop Holdings Limited will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley lowered their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company 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.