Vipshop Holdings Ltd – (NYSE:VIPS) Shares Acquired by Stone Ridge Asset Management LLC

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Stone Ridge Asset Management LLC lifted its stake in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 811.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,900 shares of the technology company’s stock after buying an additional 248,300 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Vipshop were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in shares of Vipshop by 390.3% during the second quarter. Advisor Group Inc. now owns 7,208 shares of the technology company’s stock worth $63,000 after buying an additional 5,738 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Vipshop in the first quarter worth $71,000. Campbell & CO Investment Adviser LLC acquired a new position in Vipshop in the second quarter worth $88,000. Cadence Capital Management LLC acquired a new position in Vipshop in the first quarter worth $95,000. Finally, Csenge Advisory Group acquired a new position in Vipshop in the second quarter worth $95,000. 44.60% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on VIPS. New Street Research raised shares of Vipshop from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $6.00 to $9.50 in a report on Friday, August 16th. JPMorgan Chase & Co. raised shares of Vipshop from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $6.50 to $11.00 in a report on Tuesday, April 30th. Daiwa Capital Markets raised shares of Vipshop from a “neutral” rating to a “buy” rating in a report on Friday, August 16th. CICC Research raised shares of Vipshop from a “neutral” rating to an “outperform” rating in a report on Thursday, August 15th. Finally, Citigroup raised shares of Vipshop from a “sell” rating to a “neutral” rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.60.

Shares of VIPS traded down $0.17 during midday trading on Friday, hitting $7.85. 8,102,400 shares of the stock traded hands, compared to its average volume of 8,446,149. Vipshop Holdings Ltd – has a 1-year low of $4.30 and a 1-year high of $9.26. The firm has a market capitalization of $5.29 billion, a PE ratio of 18.26 and a beta of 1.93. The business’s 50 day moving average price is $7.59 and its two-hundred day moving average price is $7.76.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $1.46. Vipshop had a net margin of 2.97% and a return on equity of 14.63%. The company had revenue of $21.72 billion during the quarter, compared to the consensus estimate of $21.60 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Vipshop Holdings Ltd – will post 0.66 earnings per share for the current fiscal year.

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

Further Reading: Cost of Capital Explained

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 Ltd – (NYSE:VIPS).

Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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