Wellington Management Group LLP Acquires 91,892 Shares of Vipshop Holdings Limited $VIPS

Wellington Management Group LLP lifted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,863 shares of the technology company’s stock after buying an additional 91,892 shares during the quarter. Wellington Management Group LLP’s holdings in Vipshop were worth $9,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FIL Ltd grew its stake in shares of Vipshop by 2.6% during the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after purchasing an additional 483,842 shares during the period. Invesco Ltd. lifted its stake in Vipshop by 0.9% in the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock valued at $298,335,000 after buying an additional 148,970 shares during the period. Orbis Allan Gray Ltd boosted its holdings in Vipshop by 12.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after buying an additional 1,227,325 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Vipshop by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock worth $152,493,000 after buying an additional 149,268 shares during the period. Finally, State Street Corp grew its position in shares of Vipshop by 2.7% during the 4th quarter. State Street Corp now owns 7,209,767 shares of the technology company’s stock worth $127,541,000 after buying an additional 187,951 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Price Performance

NYSE:VIPS opened at $13.05 on Wednesday. The business’s 50-day simple moving average is $14.23 and its 200-day simple moving average is $14.68. Vipshop Holdings Limited has a fifty-two week low of $12.65 and a fifty-two week high of $21.08. The stock has a market capitalization of $6.25 billion, a PE ratio of 4.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. On average, research analysts expect that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VIPS shares. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Barclays decreased their price objective on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Zacks Research lowered shares of Vipshop from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Finally, Morgan Stanley set a $16.00 price target on shares of Vipshop in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.52.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.