Truist Financial Corp purchased a new position in Vipshop Holdings Limited (NYSE:VIPS – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,304 shares of the technology company’s stock, valued at approximately $172,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Vipshop by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock worth $147,111,000 after buying an additional 163,532 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Vipshop by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock valued at $98,379,000 after purchasing an additional 1,069,930 shares in the last quarter. State Street Corp lifted its stake in shares of Vipshop by 2.6% in the 1st quarter. State Street Corp now owns 9,673,583 shares of the technology company’s stock valued at $87,062,000 after purchasing an additional 241,500 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vipshop by 12.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,305,777 shares of the technology company’s stock valued at $99,651,000 after purchasing an additional 811,015 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Vipshop by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 5,520,960 shares of the technology company’s stock valued at $54,602,000 after purchasing an additional 128,383 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.
Vipshop Stock Up 3.3 %
VIPS stock opened at $16.24 on Tuesday. Vipshop Holdings Limited has a 52-week low of $6.36 and a 52-week high of $19.13. The stock’s 50 day moving average is $16.82 and its two-hundred day moving average is $15.72. The company has a market capitalization of $9.52 billion, a PE ratio of 8.59 and a beta of 0.53.
Vipshop (NYSE:VIPS – Get Free Report) last posted its quarterly earnings data on Friday, August 18th. The technology company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $1.07. Vipshop had a return on equity of 20.96% and a net margin of 7.23%. The company had revenue of $26.16 billion for the quarter, compared to the consensus estimate of $27.86 billion. During the same period in the previous year, the business earned $0.29 EPS. Vipshop’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vipshop Holdings Limited will post 1.69 EPS for the current year.
Wall Street Analyst Weigh In
VIPS has been the topic of several research analyst reports. UBS Group lifted their price objective on Vipshop from $18.50 to $20.00 in a research note on Friday, June 30th. Bank of America lifted their price objective on Vipshop from $15.20 to $17.80 in a research note on Tuesday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Vipshop from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. StockNews.com started coverage on Vipshop in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Benchmark reissued a “buy” rating and set a $19.00 price target on shares of Vipshop in a research report on Monday, August 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vipshop has an average rating of “Moderate Buy” and an average target price of $16.02.
View Our Latest Research Report on Vipshop
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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.
Featured Articles
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 Limited (NYSE:VIPS – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Vipshop, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Vipshop wasn’t on the list.
While Vipshop currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Source: marketbeat.com
