American Century Companies Inc. Boosts Holdings in Vipshop Holdings Limited (NYSE:VIPS)

American Century Companies Inc. boosted its position in Vipshop Holdings Limited (NYSE:VIPS) by 18.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 741,167 shares of the technology company’s stock after buying an additional 115,666 shares during the period. American Century Companies Inc. owned approximately 0.11% of Vipshop worth $11,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Vipshop by 233.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,599,107 shares of the technology company’s stock valued at $7,455,000 after buying an additional 1,120,020 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Vipshop during the 1st quarter worth $189,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Vipshop during the 1st quarter worth $346,000. E Fund Management Co. Ltd. boosted its position in shares of Vipshop by 5.3% during the 1st quarter. E Fund Management Co. Ltd. now owns 2,574,203 shares of the technology company’s stock worth $39,076,000 after purchasing an additional 130,480 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Vipshop by 7.6% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 207,636 shares of the technology company’s stock worth $3,150,000 after purchasing an additional 14,594 shares in the last quarter. 49.84% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Price Performance

VIPS opened at $16.21 on Friday. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 8.58 and a beta of 0.60. The business has a 50-day moving average of $16.73 and a two-hundred day moving average of $15.76. Vipshop Holdings Limited has a 12 month low of $6.36 and a 12 month high of $19.13.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Friday, August 18th. The technology company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.23 by $1.07. Vipshop had a return on equity of 20.96% and a net margin of 7.23%. The company had revenue of $26.16 billion during the quarter, compared to analysts’ expectations of $27.86 billion. During the same quarter in the previous year, the business earned $0.29 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Vipshop Holdings Limited will post 1.69 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Benchmark restated a “buy” rating and set a $19.00 target price on shares of Vipshop in a research report on Monday, August 21st. UBS Group lifted their price target on Vipshop from $18.50 to $20.00 in a research note on Friday, June 30th. HSBC boosted their target price on shares of Vipshop from $13.80 to $14.20 and gave the company a “hold” rating in a research note on Monday, August 21st. StockNews.com began coverage on shares of Vipshop in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Bank of America boosted their target price on shares of Vipshop from $15.20 to $17.80 in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.02.

About Vipshop

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.