Penserra Capital Management LLC increased its stake in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 1.3% during the 3rd quarter, Holdings Channel reports. The fund owned 982,994 shares of the technology company’s stock after purchasing an additional 12,477 shares during the quarter. Penserra Capital Management LLC’s holdings in Vipshop were worth $6,133,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Levin Capital Strategies L.P. bought a new position in Vipshop during the 2nd quarter worth approximately $108,000. Greenleaf Trust bought a new position in Vipshop during the 2nd quarter worth approximately $122,000. Bridgewater Associates LP bought a new position in Vipshop during the 2nd quarter worth approximately $137,000. Tower Research Capital LLC TRC bought a new position in Vipshop during the 2nd quarter worth approximately $183,000. Finally, Engineers Gate Manager LP bought a new position in Vipshop during the 2nd quarter worth approximately $197,000. Institutional investors and hedge funds own 50.13% of the company’s stock.
VIPS has been the topic of a number of recent analyst reports. ValuEngine lowered Vipshop from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. UBS Group cut their price objective on Vipshop from $8.00 to $5.50 and set a “neutral” rating on the stock in a research report on Friday, October 12th. Citigroup cut their price objective on Vipshop to $5.40 and set a “sell” rating on the stock in a research report on Monday, October 15th. Benchmark cut their price objective on Vipshop to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 15th. Finally, JPMorgan Chase & Co. lowered Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research report on Tuesday, October 9th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Vipshop currently has an average rating of “Hold” and a consensus target price of $11.21.
Vipshop (NYSE:VIPS) last released its earnings results on Monday, August 13th. The technology company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.73. The company had revenue of $20.74 billion during the quarter, compared to analysts’ expectations of $21.23 billion. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. As a group, analysts expect that Vipshop Holdings Ltd – will post 0.41 earnings per share for the current year.
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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 shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.
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