Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by US Bancorp DE

US Bancorp DE boosted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 55.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 292,692 shares of the technology company’s stock after acquiring an additional 104,121 shares during the quarter. US Bancorp DE’s holdings in Vipshop were worth $4,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC lifted its position in Vipshop by 11.0% during the 2nd quarter. Cetera Advisor Networks LLC now owns 31,030 shares of the technology company’s stock worth $512,000 after acquiring an additional 3,085 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in shares of Vipshop by 97.9% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 25,602 shares of the technology company’s stock valued at $451,000 after buying an additional 12,665 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Vipshop by 101.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,932,510 shares of the technology company’s stock valued at $31,886,000 after buying an additional 972,490 shares during the period. Lido Advisors LLC acquired a new stake in shares of Vipshop in the 2nd quarter valued at approximately $236,000. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Vipshop by 19.0% in the 2nd quarter. Banque Cantonale Vaudoise now owns 345,000 shares of the technology company’s stock valued at $5,693,000 after buying an additional 55,000 shares during the period. 49.84% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Up 6.1 %

Shares of NYSE:VIPS opened at $16.47 on Tuesday. The company has a market cap of $9.65 billion, a P/E ratio of 9.10 and a beta of 0.52. Vipshop Holdings Limited has a 52 week low of $8.81 and a 52 week high of $19.13. The business has a fifty day simple moving average of $15.08 and a 200-day simple moving average of $15.91.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $2.93. Vipshop had a return on equity of 21.00% and a net margin of 6.74%. The firm had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $34.36 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts expect that Vipshop Holdings Limited will post 1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HSBC lifted their price objective on Vipshop from $13.80 to $14.20 and gave the stock a “hold” rating in a report on Monday, August 21st. Benchmark reissued a “buy” rating and set a $19.00 price target on shares of Vipshop in a research report on Wednesday, November 15th. StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Finally, Citigroup raised Vipshop from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop has an average rating of “Moderate Buy” and a consensus price target of $17.41.

Vipshop Profile

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.