1 day Ago By ABMN Staff
DekaBank Deutsche Girozentrale decreased its position in Vipshop Holdings Limited ( NYSE:VIPS – Free Report ) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,709 shares of the technology company’s stock after selling 17,138 shares during the quarter.
DekaBank Deutsche Girozentrale owned 0.07% of Vipshop worth $5,041,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIPS.
Vanguard Group Inc. increased its position in shares of Vipshop by 1.8% during the first quarter.
Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after acquiring an additional 248,743 shares during the period. FIL Ltd increased its position in shares of Vipshop by 31.
2% during the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares during the period. Goldman Sachs Group Inc.
increased its position in shares of Vipshop by 28.0% during the fourth quarter. Goldman Sachs Group Inc.
now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after acquiring an additional 2,273,198 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Vipshop by 2.9% during the second quarter.
Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after acquiring an additional 184,000 shares during the period. Finally, LSV Asset Management increased its position in shares of Vipshop by 8.1% during the second quarter.
LSV Asset Management now owns 5,312,513 shares of the technology company’s stock worth $69,169,000 after acquiring an additional 397,852 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on VIPS shares. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.
CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st.
Citigroup lowered their target price on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd.
Benchmark downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.
50 in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average price target of $17.75. Vipshop Price Performance NYSE VIPS opened at $12.
93 on Wednesday. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.
19. The company has a market capitalization of $7.01 billion, a PE ratio of 6.
01 and a beta of 0.33. The company has a fifty day moving average of $13.
23 and a two-hundred day moving average of $15.05. Vipshop ( NYSE:VIPS – Get Free Report ) last released its quarterly earnings data on Tuesday, August 20th.
The technology company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $3.
43. Vipshop had a net margin of 7.52% and a return on equity of 22.
51%. The company had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.
61 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share.
Vipshop’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts expect that Vipshop Holdings Limited will post 2 earnings per share for the current year.
Vipshop Company Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter .
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