Wellington Management Group LLP Has $9.32 Million Holdings in Vipshop Holdings Limited $VIPS

Key Points

• Wellington Management increased its Vipshop stake by 15% in the second quarter, bringing its holdings to 702,863 shares valued at approximately $9.32 million. Institutional investors collectively own 48.82% of the company.
• Vipshop reported quarterly revenue of $3.64 billion, in line with estimates, but earnings per share of $0.12 fell well short of the $0.59 consensus forecast.
• VIPS opened at $13.05, near its one-year low, while analysts maintained a mixed outlook. The consensus rating is “Hold,” with an average price target of $18.52.

Wellington Management Group LLP lifted its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 15.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 702,863 shares of the technology company's stock after purchasing an additional 91,892 shares during the quarter. Wellington Management Group LLP owned 0.15% of Vipshop worth $9,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Vipshop during the second quarter worth $7,947,000. Ramsey Quantitative Systems acquired a new position in shares of Vipshop in the 2nd quarter valued at $117,000. Handelsbanken Fonder AB raised its stake in shares of Vipshop by 16.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company's stock valued at $4,283,000 after buying an additional 46,150 shares in the last quarter. Carmignac Gestion lifted its holdings in shares of Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company's stock worth $70,510,000 after acquiring an additional 319,375 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of 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 period. 48.82% of the stock is owned by institutional investors.

Vipshop Price Performance

Shares of VIPS opened at $13.05 on Wednesday. The company has a market capitalization of $6.25 billion, a P/E ratio of 4.32, a PEG ratio of 2.03 and a beta of 0.67. Vipshop Holdings Limited has a one year low of $12.65 and a one year high of $21.08. The business's 50 day simple moving average is $14.23 and its 200-day simple moving average is $14.68.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.64 billion. On average, sell-side analysts anticipate that Vipshop Holdings Limited will post 1.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Nomura reissued a "neutral" rating and issued a $14.00 target price on shares of Vipshop in a research note on Thursday, August 27th. Barclays cut their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, August 27th. Zacks Research lowered Vipshop from a "hold" rating to a "strong sell" rating in a research note on Friday, August 28th. UBS Group set a $18.50 target price on Vipshop and gave the stock a "buy" rating in a report on Friday, May 22nd. Finally, Benchmark restated a "hold" rating on shares of Vipshop in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $18.52.

Vipshop Company Profile

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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