Carmignac Gestion Purchases 439,795 Shares of Vipshop Holdings Limited $VIPS

Carmignac Gestion increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,920,324 shares of the technology company’s stock after purchasing an additional 439,795 shares during the quarter. Vipshop makes up about 0.8% of Carmignac Gestion’s investment portfolio, making the stock its 27th largest holding. Carmignac Gestion owned about 1.03% of Vipshop worth $65,166,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Arax Advisory Partners raised its holdings in Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after purchasing an additional 692 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after buying an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after buying an additional 1,864 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Vipshop by 104.3% in the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after buying an additional 3,050 shares during the period. Finally, State of Wyoming grew its position in shares of Vipshop by 10,007.7% in the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after buying an additional 6,505 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of recent research reports. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. UBS Group set a $18.50 target price on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Nomura reissued a “neutral” rating and issued a $14.00 price target on shares of Vipshop in a research report on Thursday, August 27th. Finally, Morgan Stanley set a $16.00 price target on Vipshop in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.52.

Vipshop Stock Down 1.1%

Shares of NYSE VIPS traded down $0.15 during midday trading on Tuesday, hitting $13.05. The stock had a trading volume of 3,580,148 shares, compared to its average volume of 2,383,532. The business’s 50 day moving average is $14.23 and its 200-day moving average is $14.71. The company has a market cap of $6.25 billion, a P/E ratio of 4.32, a PEG ratio of 2.03 and a beta of 0.67. Vipshop Holdings Limited has a 52 week low of $12.65 and a 52 week high of $21.08.

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

Vipshop Company Profile

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.