Millennium Management LLC Has $120.55 Million Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Millennium Management LLC increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 2,084.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,037,035 shares of the technology company’s stock after purchasing an additional 3,852,255 shares during the quarter. Millennium Management LLC owned approximately 0.59% of Vipshop worth $120,546,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Institutional & Family Asset Management LLC acquired a new stake in Vipshop in the first quarter worth about $40,000. Capital Asset Advisory Services LLC acquired a new stake in Vipshop in the fourth quarter worth about $43,000. Quadrant Capital Group LLC grew its position in shares of Vipshop by 36.1% during the 1st quarter. Quadrant Capital Group LLC now owns 2,026 shares of the technology company’s stock worth $60,000 after buying an additional 537 shares during the period. JJJ Advisors Inc. grew its position in shares of Vipshop by 48.9% during the 1st quarter. JJJ Advisors Inc. now owns 2,488 shares of the technology company’s stock worth $74,000 after buying an additional 817 shares during the period. Finally, James Investment Research Inc. grew its position in shares of Vipshop by 68.0% during the 1st quarter. James Investment Research Inc. now owns 3,079 shares of the technology company’s stock worth $92,000 after buying an additional 1,246 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

VIPS has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Vipshop from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 15th. HSBC decreased their target price on Vipshop from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, May 20th. Finally, Zacks Investment Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.20.

Shares of NYSE:VIPS traded down $0.27 during trading on Thursday, hitting $17.88. 137,595 shares of the company’s stock traded hands, compared to its average volume of 9,487,357. The firm has a market cap of $12.13 billion, a P/E ratio of 12.23 and a beta of 0.64. The firm has a 50-day simple moving average of $20.82. Vipshop Holdings Limited has a 52 week low of $14.86 and a 52 week high of $46.00.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, May 18th. The technology company reported $2.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $2.07. The firm had revenue of $27.22 billion for the quarter, compared to analysts’ expectations of $28.01 billion. Vipshop had a return on equity of 21.64% and a net margin of 6.07%. The business’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. As a group, equities analysts predict that Vipshop Holdings Limited will post 1.43 earnings per share for the current fiscal year.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items; 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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