Korea Investment CORP Grows Position in Vipshop Holdings Limited (VIPS)
Korea Investment CORP increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 22.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 836,600 shares of the technology company’s stock after purchasing an additional 154,200 shares during the period. Korea Investment CORP owned approximately 0.14% of Vipshop Holdings Limited worth $7,354,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in VIPS. KEYWISE CAPITAL MANAGEMENT Ltd raised its holdings in Vipshop Holdings Limited by 921.0% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock valued at $41,829,000 after acquiring an additional 4,292,600 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in Vipshop Holdings Limited in the 3rd quarter valued at $873,000. 1st Global Advisors Inc. raised its holdings in Vipshop Holdings Limited by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after acquiring an additional 160 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Vipshop Holdings Limited by 23.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,900 shares of the technology company’s stock valued at $748,000 after acquiring an additional 13,500 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in Vipshop Holdings Limited in the 2nd quarter valued at $328,000. 57.20% of the stock is owned by institutional investors and hedge funds.
Vipshop Holdings Limited (NYSE:VIPS) last released its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share 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 firm had revenue of $17.52 billion for the quarter, compared to analysts’ expectations of $17.30 billion. During the same quarter in the previous year, the business earned $0.17 EPS. The company’s revenue for the quarter was up 30.3% on a year-over-year basis.
A number of research firms have recently commented on VIPS. Zacks Investment Research raised Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, August 23rd. BidaskClub raised Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a report on Monday, September 18th. UBS AG began coverage on Vipshop Holdings Limited in a report on Monday. They set a “neutral” rating and a $9.00 price target for the company. Finally, KeyCorp set a $13.00 price target on Vipshop Holdings Limited and gave the stock a “buy” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.57.
Vipshop Holdings Limited Company 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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