Vipshop (NYSE:VIPS – Get Rating) posted its quarterly earnings data on Thursday. The technology company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.19, Briefing.com reports. The firm had revenue of $23.93 billion during the quarter, compared to analysts’ expectations of $25.69 billion. Vipshop had a net margin of 3.99% and a return on equity of 16.53%. Vipshop’s revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. Vipshop updated its Q2 2022 guidance to EPS.
Vipshop stock opened at $8.57 on Friday. The business has a fifty day moving average price of $8.11 and a 200-day moving average price of $8.93. Vipshop has a one year low of $5.75 and a one year high of $24.49. The firm has a market capitalization of $5.82 billion, a P/E ratio of 8.32 and a beta of 0.66.
Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in Vipshop in the first quarter valued at $102,000. HighTower Advisors LLC bought a new position in Vipshop in the 1st quarter worth $108,000. West Family Investments Inc. purchased a new position in shares of Vipshop during the 1st quarter worth approximately $115,000. Yousif Capital Management LLC bought a new position in Vipshop in the first quarter worth $146,000. Finally, 1832 Asset Management L.P. lifted its position in Vipshop by 57.8% during the 4th quarter. 1832 Asset Management L.P. now owns 25,521 shares of the technology company’s stock valued at $217,000 after acquiring an additional 9,343 shares during the period. 54.52% of the stock is currently owned by hedge funds and other institutional investors.
Vipshop Company Profile (Get Rating)
Vipshop Holdings Limited operates online platforms 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; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.
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