7,640,288 Shares in Vipshop Holdings Limited (NYSE:VIPS) Purchased by First Beijing Investment Ltd

First Beijing Investment Ltd bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 holdings, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIPS. Blue Trust Inc. increased its holdings in shares of Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after purchasing an additional 3,351 shares during the period. Employees Retirement System of Texas boosted its stake in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares in the last quarter. National Bank of Canada FI bought a new stake in Vipshop during the second quarter worth about $136,000. Atomi Financial Group Inc. grew its position in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Vipshop in the first quarter valued at $232,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of Vipshop stock traded down $0.28 during trading on Wednesday, hitting $14.30. The company’s stock had a trading volume of 592,043 shares, compared to its average volume of 3,945,825. The stock has a 50-day moving average price of $14.33 and a two-hundred day moving average price of $14.55. The stock has a market cap 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 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts predict that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VIPS shares. Morgan Stanley cut their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. UBS Group cut shares of 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. Barclays began coverage on shares of Vipshop in a research note on Wednesday. They issued an “overweight” rating and a $19.00 price target on the stock. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Citigroup raised their target price on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.64.

About Vipshop

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.