Granite Point Capital Management L.P. Acquires 30,000 Shares of Vipshop Holdings Ltd – (VIPS)

Granite Point Capital Management L.P. increased its holdings in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 200.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the technology company’s stock after buying an additional 30,000 shares during the period. Granite Point Capital Management L.P.’s holdings in Vipshop were worth $281,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Schroder Investment Management Group boosted its position in Vipshop by 27.2% during the 2nd quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock worth $267,808,000 after buying an additional 5,294,013 shares during the period. OppenheimerFunds Inc. lifted its position in shares of Vipshop by 1,559.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock worth $224,580,000 after purchasing an additional 19,451,180 shares during the period. FIL Ltd lifted its position in shares of Vipshop by 18.5% in the 3rd quarter. FIL Ltd now owns 18,167,936 shares of the technology company’s stock worth $113,368,000 after purchasing an additional 2,841,430 shares during the period. Global Thematic Partners LLC lifted its position in shares of Vipshop by 63.1% in the 3rd quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock worth $39,825,000 after purchasing an additional 2,468,257 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Vipshop by 3,978.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after purchasing an additional 4,894,000 shares during the period. Institutional investors and hedge funds own 47.25% of the company’s stock.

A number of research analysts have recently issued reports on VIPS shares. Macquarie dropped their price target on shares of Vipshop from $16.50 to $10.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 15th. Benchmark dropped their price target on shares of Vipshop to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 15th. ValuEngine downgraded shares of Vipshop from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price target on the stock. in a research report on Tuesday, August 14th. Finally, Citigroup downgraded shares of Vipshop from a “buy” rating to a “sell” rating in a research report on Tuesday, August 14th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Vipshop has a consensus rating of “Hold” and an average price target of $11.05.

NYSE:VIPS opened at $5.29 on Monday. The firm has a market capitalization of $3.49 billion, a PE ratio of 9.12 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.12 and a quick ratio of 0.89. Vipshop Holdings Ltd – has a twelve month low of $4.30 and a twelve month high of $19.14.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, November 14th. The technology company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.59 billion. Vipshop had a net margin of 2.57% and a return on equity of 13.12%. Vipshop’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. Analysts forecast that Vipshop Holdings Ltd – will post 0.43 EPS for the current fiscal year.

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Vipshop 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 shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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