Meag Munich Ergo Kapitalanlagegesellschaft MBH held its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,400 shares of the technology company’s stock at the end of the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Vipshop Holdings Limited were worth $223,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vontobel Asset Management Inc. raised its position in Vipshop Holdings Limited by 6.3% in the first quarter. Vontobel Asset Management Inc. now owns 496,398 shares of the technology company’s stock valued at $6,620,000 after buying an additional 29,599 shares during the last quarter. BlackRock Inc. raised its position in shares of Vipshop Holdings Limited by 4,449.5% in the first quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock valued at $237,973,000 after buying an additional 17,447,045 shares in the last quarter. Swiss National Bank raised its position in shares of Vipshop Holdings Limited by 12.4% in the first quarter. Swiss National Bank now owns 944,860 shares of the technology company’s stock valued at $12,604,000 after buying an additional 104,000 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Vipshop Holdings Limited by 4.9% in the first quarter. Wellington Management Group LLP now owns 3,248,556 shares of the technology company’s stock valued at $43,336,000 after buying an additional 150,848 shares in the last quarter. Finally, Korea Investment CORP raised its position in shares of Vipshop Holdings Limited by 1.8% in the first quarter. Korea Investment CORP now owns 487,400 shares of the technology company’s stock valued at $6,502,000 after buying an additional 8,600 shares in the last quarter. 68.47% of the stock is currently owned by institutional investors.

Shares of Vipshop Holdings Limited (NYSE VIPS) traded down 0.90% during mid-day trading on Tuesday, hitting $12.11. 5,274,171 shares of the company were exchanged. Vipshop Holdings Limited has a 52 week low of $9.94 and a 52 week high of $17.41. The company has a 50 day moving average of $11.43 and a 200 day moving average of $12.58. The company has a market capitalization of $7.09 billion, a P/E ratio of 23.47 and a beta of 1.90.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings data on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.62 billion. Vipshop Holdings Limited had a net margin of 3.50% and a return on equity of 44.90%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Equities analysts anticipate that Vipshop Holdings Limited will post $0.83 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/09/vipshop-holdings-limited-vips-stake-maintained-by-meag-munich-ergo-kapitalanlagegesellschaft-mbh-updated.html.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG lowered shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.50 to $12.60 in a report on Friday, June 30th. TheStreet downgraded shares of Vipshop Holdings Limited from a “b” rating to a “c+” rating in a research report on Monday, June 19th. Jefferies Group LLC reissued a “buy” rating and set a $17.00 target price on shares of Vipshop Holdings Limited in a research report on Friday, May 19th. Finally, Nomura reissued a “neutral” rating and set a $16.80 target price (up from $16.40) on shares of Vipshop Holdings Limited in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.80.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Institutional Ownership by Quarter for Vipshop Holdings Limited (NYSE:VIPS)

Receive News & Stock Ratings for Vipshop Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop Holdings Limited and related stocks with our FREE daily email newsletter.