Dai Ichi Life Insurance Company Ltd held its stake in Vipshop Holdings Limited (NYSE:VIPS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the technology company’s stock at the end of the 2nd quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Vipshop Holdings Limited were worth $950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. DnB Asset Management AS raised its position in shares of Vipshop Holdings Limited by 0.4% in the second quarter. DnB Asset Management AS now owns 28,110 shares of the technology company’s stock valued at $297,000 after buying an additional 100 shares during the last quarter. OLD National Bancorp IN increased its position in Vipshop Holdings Limited by 1.1% during the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after purchasing an additional 128 shares during the last quarter. Comerica Bank increased its position in Vipshop Holdings Limited by 1.3% during the first quarter. Comerica Bank now owns 29,105 shares of the technology company’s stock worth $405,000 after purchasing an additional 386 shares during the last quarter. World Asset Management Inc increased its position in Vipshop Holdings Limited by 1.4% during the first quarter. World Asset Management Inc now owns 31,518 shares of the technology company’s stock worth $420,000 after purchasing an additional 445 shares during the last quarter. Finally, Financial Counselors Inc. increased its position in Vipshop Holdings Limited by 4.2% during the second quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock worth $145,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 56.43% of the company’s stock.

Several research firms recently issued reports on VIPS. BidaskClub upgraded shares of Vipshop Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, September 5th. Macquarie cut their price objective on shares of Vipshop Holdings Limited from $16.50 to $11.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. Benchmark Co. raised their price objective on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, HSBC Holdings plc cut shares of Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Vipshop Holdings Limited presently has a consensus rating of “Hold” and a consensus price target of $14.04.

Vipshop Holdings Limited (VIPS) opened at 10.03 on Friday. Vipshop Holdings Limited has a 52 week low of $8.72 and a 52 week high of $16.24. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 19.86 and a beta of 1.95. The firm’s 50-day moving average is $10.34 and its 200 day moving average is $12.21.

Vipshop Holdings Limited (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The company had revenue of $17.52 billion for the quarter, compared to analyst estimates of $17.30 billion. During the same period in the prior year, the company earned $0.17 EPS. The company’s revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts expect that Vipshop Holdings Limited will post $0.75 EPS for the current year.

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Vipshop Holdings Limited Profile

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.

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

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