Two Sigma Advisers LP Has $2 Million Stake in Vipshop Holdings Limited (NYSE:VIPS)

Two Sigma Advisers LP raised its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,200 shares of the technology company's stock after buying an additional 39,900 shares during the period. Two Sigma Advisers LP's holdings in Vipshop were worth $1,996,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after buying an additional 1,487 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Vipshop during the fourth quarter valued at approximately $161,000. Vontobel Holding Ltd. purchased a new stake in shares of Vipshop in the 4th quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB acquired a new position in Vipshop in the 4th quarter worth approximately $175,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Vipshop in the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on VIPS. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Tuesday, April 1st. Finally, Barclays reduced their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $15.10.

Vipshop Trading Down 2.3%

VIPS stock traded down $0.32 during midday trading on Friday, reaching $13.79. The company had a trading volume of 7,269,877 shares, compared to its average volume of 3,830,386. The company has a 50 day moving average of $13.99 and a two-hundred day moving average of $14.29. The company has a market capitalization of $7.08 billion, a P/E ratio of 6.60, a PEG ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94.

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

About Vipshop

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.