Engineers Gate Manager LP Acquires 152,282 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Engineers Gate Manager LP increased its Vipshop stake by 747% in the second quarter, acquiring 152,282 additional shares and bringing its holdings to 172,668 shares valued at approximately $2.29 million.
• Vipshop shares opened at $12.43, near their 52-week low of $12.41. The company reported quarterly revenue of $3.64 billion, in line with estimates, but earnings per share of $0.12 missed the $0.59 consensus forecast.
• Analysts maintain a mixed outlook, with Vipshop receiving an average “Hold” rating and a consensus price target of $17.85, above its current trading price.

Engineers Gate Manager LP boosted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 747.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 172,668 shares of the technology company's stock after acquiring an additional 152,282 shares during the period. Engineers Gate Manager LP's holdings in Vipshop were worth $2,290,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Vipshop by 8,472.0% in 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 acquiring an additional 2,118 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock worth $58,000 after acquiring an additional 1,864 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Vipshop during the 2nd quarter worth approximately $58,000. Global Retirement Partners LLC boosted its stake in Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company's stock worth $106,000 after acquiring an additional 3,050 shares during the last quarter. Finally, State of Wyoming grew its holdings in Vipshop by 10,007.7% during the first quarter. State of Wyoming now owns 6,570 shares of the technology company's stock valued at $103,000 after purchasing an additional 6,505 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Down 0.4%

Vipshop stock opened at $12.43 on Tuesday. The company has a market cap of $5.95 billion, a P/E ratio of 4.11, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Vipshop Holdings Limited has a 1-year low of $12.41 and a 1-year high of $21.08. The company has a fifty day simple moving average of $14.16 and a 200 day simple moving average of $14.55.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.47). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. On average, equities research analysts forecast that Vipshop Holdings Limited will post 1.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIPS. Morgan Stanley set a $16.00 price objective on Vipshop in a research note on Wednesday, August 26th. Barclays decreased their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, August 27th. Nomura restated a "neutral" rating and issued a $14.00 price target on shares of Vipshop in a report on Thursday, August 27th. Bank of America reaffirmed an "underperform" rating on shares of Vipshop in a research report on Friday, May 29th. Finally, UBS Group set a $18.50 price objective on Vipshop and gave the company a "buy" rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Vipshop has an average rating of "Hold" and a consensus price target of $17.85.

Vipshop Company Profile

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.

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