Nykredit A S Makes New Investment in Vipshop Holdings Limited $VIPS

Key Points

• Nykredit A/S acquired 143,960 Vipshop shares in the second quarter, valued at approximately $1.9 million. Institutional investors collectively own 48.82% of the company.
• Vipshop reported quarterly EPS of $0.12, missing analyst estimates of $0.59, while revenue matched expectations at $3.64 billion.
• Shares opened at $12.67, near their 12-month low of $12.02. Analysts maintain a consensus “Hold” rating with an average price target of $17.85, despite mixed recommendations ranging from Strong Buy to Sell.

Nykredit A S bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 143,960 shares of the technology company's stock, valued at approximately $1,909,000.

Several other large investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position 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 worth $38,000 after purchasing an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock valued at $58,000 after buying an additional 1,864 shares in the last quarter. Global Retirement Partners LLC increased its position in Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company's stock valued at $106,000 after buying an additional 3,050 shares in the last quarter. State of Wyoming raised its stake 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 buying an additional 6,505 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Vipshop in the second quarter worth $117,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Up 1.3%

Vipshop stock opened at $12.67 on Wednesday. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 4.19, a PEG ratio of 1.92 and a beta of 0.67. The stock has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $14.35. Vipshop Holdings Limited has a 12 month low of $12.02 and a 12 month high of $21.08.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. On average, equities research analysts forecast that Vipshop Holdings Limited will post 1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VIPS. Weiss Ratings reissued a "hold (c-)" rating on shares of Vipshop in a research note on Friday, August 21st. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Monday, August 24th. JPMorgan Chase & Co. dropped their price target on shares of Vipshop from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, September 10th. Zacks Research downgraded shares of Vipshop from a "hold" rating to a "strong sell" rating in a research report on Friday, August 28th. Finally, Morgan Stanley set a $16.00 price objective on shares of Vipshop in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $17.85.

Vipshop 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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