November 10, 2019 at 8:11 pm

Unigestion Holding SA Invests $582,000 in Vipshop Holdings Ltd – (NYSE:VIPS)

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Unigestion Holding SA bought a new position in Vipshop Holdings Ltd – (NYSE:VIPS) during the 3rd quarter, Holdings Channel reports. The fund bought 65,300 shares of the technology company’s stock, valued at approximately $582,000.

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Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Vipshop by 44.6% in the third quarter. Parallel Advisors LLC now owns 3,149 shares of the technology company’s stock worth $28,000 after purchasing an additional 971 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Vipshop in the second quarter worth about $34,000. Advisor Group Inc. grew its position in Vipshop by 390.3% in the second quarter. Advisor Group Inc. now owns 7,208 shares of the technology company’s stock worth $63,000 after acquiring an additional 5,738 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Vipshop in the second quarter worth about $88,000. Finally, Ellington Management Group LLC purchased a new position in Vipshop in the second quarter worth about $88,000. 45.62% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on the company. Jefferies Financial Group upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Bank of America reiterated a “hold” rating and issued a $9.72 price target on shares of Vipshop in a research report on Monday, August 19th. CICC Research upgraded Vipshop from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 15th. ValuEngine upgraded Vipshop from a “strong sell” rating to a “sell” rating in a research report on Friday, August 16th. Finally, New Street Research upgraded Vipshop from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $6.00 to $9.50 in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.58.

VIPS traded down $0.06 on Friday, hitting $11.88. The company had a trading volume of 2,950,308 shares, compared to its average volume of 7,133,768. Vipshop Holdings Ltd – has a 12-month low of $5.03 and a 12-month high of $12.15. The business’s fifty day simple moving average is $9.95 and its 200 day simple moving average is $8.50. The company has a market cap of $7.92 billion, a PE ratio of 27.63 and a beta of 1.94.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, August 14th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $1.46. Vipshop had a return on equity of 14.63% and a net margin of 2.97%. The business had revenue of $21.72 billion during the quarter, compared to analyst estimates of $21.60 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Vipshop Holdings Ltd – will post 0.66 EPS for the current year.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Ltd – (NYSE:VIPS).

Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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