Vipshop Holdings Limited $VIPS Shares Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops increased its Vipshop stake by 72.1% in the second quarter, holding 204,344 shares valued at approximately $2.71 million. Other institutional investors also raised positions, with institutions and hedge funds owning 48.82% of the company.
• Analyst sentiment is mixed but leans toward “Hold”, with a consensus price target of $17.85. Recent actions included downgrades from Wall Street Zen and Zacks, while JPMorgan and Barclays lowered their price targets but maintained overweight ratings.
• Vipshop shares opened at $12.47, near their 52-week low of $12.45, while the company’s latest quarterly EPS of $0.12 missed the $0.59 consensus estimate; revenue of $3.64 billion matched expectations.

Squarepoint Ops LLC grew its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 72.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,344 shares of the technology company's stock after purchasing an additional 85,575 shares during the period. Squarepoint Ops LLC's holdings in Vipshop were worth $2,710,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VIPS. KBC Group NV increased its holdings in Vipshop by 281.0% during the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company's stock worth $8,421,000 after purchasing an additional 395,088 shares during the period. LSV Asset Management boosted its stake in shares of Vipshop by 7.5% in the 4th quarter. LSV Asset Management now owns 5,939,813 shares of the technology company's stock valued at $105,075,000 after buying an additional 415,000 shares during the period. Carmignac Gestion boosted its stake in shares of Vipshop by 7.7% in the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company's stock valued at $70,510,000 after buying an additional 319,375 shares during the period. SEB Asset Management AB acquired a new position in shares of Vipshop during the first quarter worth about $2,862,000. Finally, Leonteq Securities AG acquired a new position in shares of Vipshop during the fourth quarter worth about $2,150,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VIPS. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Monday, August 24th. Zacks Research cut Vipshop from a "hold" rating to a "strong sell" rating in a research note on Friday, August 28th. UBS Group set a $18.50 price target on Vipshop and gave the stock a "buy" rating in a report on Friday, May 22nd. JPMorgan Chase & Co. lowered their price objective on Vipshop from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.85.

Vipshop Stock Up 0.0%

Shares of NYSE VIPS opened at $12.47 on Monday. The stock has a market cap of $5.97 billion, a PE ratio of 4.13, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Vipshop Holdings Limited has a 52-week low of $12.45 and a 52-week high of $21.08. The business has a 50-day moving average price of $14.18 and a 200 day moving average price of $14.58.

Vipshop (NYSE:VIPS - Get Free Report) last released 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). Vipshop had a return on equity of 12.63% and a net margin of 9.88%.The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Sell-side analysts anticipate that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

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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