Truist Financial Corp boosted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS – Free Report) by 37.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,572 shares of the technology company’s stock after buying an additional 4,268 shares during the quarter. Truist Financial Corp’s holdings in Vipshop were worth $257,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Natixis purchased a new position in shares of Vipshop in the 4th quarter worth approximately $27,000. Global Retirement Partners LLC grew its position in Vipshop by 6,930.3% during the 1st quarter. Global Retirement Partners LLC now owns 2,320 shares of the technology company’s stock worth $35,000 after purchasing an additional 2,287 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Vipshop by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock worth $65,000 after purchasing an additional 730 shares during the last quarter. Assetmark Inc. grew its position in Vipshop by 417,200.0% during the 1st quarter. Assetmark Inc. now owns 8,346 shares of the technology company’s stock worth $127,000 after purchasing an additional 8,344 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Vipshop during the 4th quarter worth approximately $141,000. Institutional investors own 49.84% of the company’s stock.
Analyst Ratings Changes
VIPS has been the subject of several research reports. Benchmark restated a “buy” rating and set a $19.00 price objective on shares of Vipshop in a research note on Monday, August 21st. 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. Finally, StockNews.com began coverage on shares of Vipshop in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.86.
Vipshop Stock Up 0.1 %
Vipshop stock opened at $14.31 on Tuesday. Vipshop Holdings Limited has a 52-week low of $8.55 and a 52-week high of $19.13. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 7.57 and a beta of 0.52. The company has a fifty day simple moving average of $15.04 and a 200-day simple moving average of $15.89.
Vipshop (NYSE:VIPS – Get Free Report) last announced its quarterly earnings data on Friday, August 18th. The technology company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $1.07. The firm had revenue of $26.16 billion during the quarter, compared to analyst estimates of $27.86 billion. Vipshop had a net margin of 7.23% and a return on equity of 20.96%. Vipshop’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, research analysts anticipate that Vipshop Holdings Limited will post 1.85 EPS for the current fiscal year.
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.
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