AustralianSuper Pty Ltd Purchases New Holdings in Vipshop Holdings Limited (NYSE:VIPS)

AustralianSuper Pty Ltd acquired a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,760 shares of the technology company’s stock, valued at approximately $421,000.

Several other institutional investors have also added to or reduced their stakes in VIPS. Krane Funds Advisors LLC increased its holdings 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 worth $204,901,000 after buying an additional 2,659,117 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after buying an additional 248,743 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Vipshop by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock valued at $87,771,000 after purchasing an additional 343,739 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Vipshop by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock valued at $85,399,000 after purchasing an additional 184,000 shares during the period. Finally, LSV Asset Management increased its holdings in Vipshop by 8.1% in the second quarter. LSV Asset Management now owns 5,312,513 shares of the technology company’s stock valued at $69,169,000 after purchasing an additional 397,852 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Price Performance

VIPS stock opened at $14.44 on Friday. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The stock has a market capitalization of $7.83 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 1.60 and a beta of 0.34. The company’s 50-day moving average is $14.18 and its 200-day moving average is $14.59.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results 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 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 last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts anticipate that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VIPS shares. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Citigroup increased their price objective on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley decreased their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.42.

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.