Legacy Wealth Asset Management LLC Invests $618,000 in Vipshop Holdings Limited (NYSE:VIPS)


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Legacy Wealth Asset Management LLC purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 21,985 shares of the technology company’s stock, valued at approximately $618,000.

Other large investors also recently modified their holdings of the company. Capital Asset Advisory Services LLC acquired a new stake in shares of Vipshop in the 4th quarter worth approximately $43,000. JJJ Advisors Inc. lifted its stake in shares of Vipshop by 404.8% in the 4th quarter. JJJ Advisors Inc. now owns 1,671 shares of the technology company’s stock worth $47,000 after acquiring an additional 1,340 shares during the period. Infini Master Fund acquired a new stake in Vipshop during the fourth quarter valued at approximately $51,000. BNC Wealth Management LLC acquired a new stake in Vipshop during the third quarter valued at approximately $56,000. Finally, Distillate Capital Partners LLC acquired a new stake in Vipshop during the fourth quarter valued at approximately $92,000. 49.36% of the stock is owned by institutional investors.

VIPS stock opened at $29.51 on Thursday. Vipshop Holdings Limited has a 52-week low of $14.16 and a 52-week high of $46.00. The company’s 50 day simple moving average is $37.56 and its 200-day simple moving average is $27.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.08 and a quick ratio of 0.79. The firm has a market capitalization of $20.03 billion, a P/E ratio of 28.38 and a beta of 0.81.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Thursday, February 25th. The technology company reported $3.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $3.28. Vipshop had a net margin of 5.16% and a return on equity of 19.76%. Sell-side analysts predict that Vipshop Holdings Limited will post 1.06 EPS for the current fiscal year.

VIPS has been the subject of several recent research reports. Zacks Investment Research raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Saturday, March 27th. Macquarie increased their target price on shares of Vipshop from $33.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 26th. Finally, Morgan Stanley raised shares of Vipshop from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $14.50 to $33.00 in a research note on Monday, February 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.50.

Vipshop Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates through four segments, Vip.com, Shan Shan Outlets, Internet Finance, and Others. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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