First Beijing Investment Ltd Invests $120.18 Million in Vipshop Holdings Limited (NYSE:VIPS)

First Beijing Investment Ltd acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,640,288 shares of the technology company’s stock, valued at approximately $120,182,000. Vipshop accounts for 8.8% of First Beijing Investment Ltd’s investment portfolio, making the stock its 5th largest holding. First Beijing Investment Ltd owned approximately 1.41% of Vipshop as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC raised its position in Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after acquiring an additional 2,659,117 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after purchasing an additional 2,117,902 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new stake in Vipshop during the 1st quarter valued at $25,487,000. Swedbank AB purchased a new position in Vipshop during the first quarter worth $19,185,000. Finally, LSV Asset Management raised its holdings in shares of Vipshop by 21.6% in the first quarter. LSV Asset Management now owns 4,914,661 shares of the technology company’s stock worth $81,338,000 after acquiring an additional 872,639 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Down 1.9 %

Shares of NYSE VIPS traded down $0.28 during trading on Wednesday, reaching $14.30. 592,043 shares of the stock were exchanged, compared to its average volume of 3,945,825. The business’s 50-day moving average price is $14.33 and its 200 day moving average price is $14.55. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 1.64 and a beta of 0.34. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Vipshop’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIPS. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Morgan Stanley reduced their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and lowered their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, Citigroup increased their price objective on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.64.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.