Ariose Capital Management Ltd Purchases New Position in Vipshop Holdings Limited (NYSE:VIPS)

Ariose Capital Management Ltd purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 520,600 shares of the technology company’s stock, valued at approximately $8,189,000. Vipshop makes up 7.0% of Ariose Capital Management Ltd’s investment portfolio, making the stock its 6th biggest holding. Ariose Capital Management Ltd owned about 0.10% of Vipshop at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC increased its position in shares of Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after buying an additional 2,659,117 shares during the period. Hsbc Holdings PLC increased its holdings in 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 acquiring an additional 2,117,902 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd purchased a new stake in Vipshop in the 1st quarter worth approximately $25,487,000. Swedbank AB bought a new position in Vipshop in the 1st quarter valued at $19,185,000. Finally, Vanguard Group Inc. grew its position in shares of Vipshop by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 13,513,926 shares of the technology company’s stock valued at $240,007,000 after purchasing an additional 1,154,149 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Performance

VIPS stock opened at $14.00 on Wednesday. The firm has a market cap of $7.59 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.61 and a beta of 0.34. The firm’s fifty day moving average is $14.05 and its 200 day moving average is $14.68. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. The firm had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. As a group, analysts forecast that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Citigroup boosted their price target on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.42.

Vipshop 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.