Lansforsakringar Fondforvaltning AB publ Invests $848,000 in Vipshop Holdings Limited (NYSE:VIPS)

Lansforsakringar Fondforvaltning AB publ purchased a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,943 shares of the technology company's stock, valued at approximately $848,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after purchasing an additional 1,487 shares during the last quarter. Jump Financial LLC bought a new stake in Vipshop in the fourth quarter valued at approximately $161,000. Vontobel Holding Ltd. bought a new stake in Vipshop in the fourth quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB bought a new stake in Vipshop in the fourth quarter valued at approximately $175,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Vipshop in the fourth quarter valued at approximately $210,000. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Shares of Vipshop stock traded down $0.32 during midday trading on Friday, reaching $13.79. 7,269,877 shares of the company's stock traded hands, compared to its average volume of 3,807,623. The company has a market cap of $7.08 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The stock has a 50 day moving average of $13.99 and a 200-day moving average of $14.30. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. On average, equities analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIPS has been the subject of several recent research reports. Barclays lowered their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday, April 1st. Finally, Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $15.10.

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.