AustralianSuper Pty Ltd Makes New $421,000 Investment in Vipshop Holdings Limited (NYSE:VIPS)

AustralianSuper Pty Ltd bought a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,760 shares of the technology company’s stock, valued at approximately $421,000.

Several other institutional investors also recently modified their holdings of VIPS. abrdn plc lifted its holdings in Vipshop by 17.3% in the third quarter. abrdn plc now owns 692,936 shares of the technology company’s stock valued at $10,914,000 after buying an additional 102,140 shares during the period. Ariose Capital Management Ltd bought a new stake in shares of Vipshop in the 3rd quarter valued at about $8,189,000. Signaturefd LLC raised its position in shares of Vipshop by 5.1% in the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after acquiring an additional 817 shares during the period. Blue Trust Inc. boosted its stake in Vipshop by 140.6% during the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after acquiring an additional 4,958 shares during the last quarter. Finally, Marathon Asset Management Ltd grew its holdings in Vipshop by 14.9% during the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after purchasing an additional 570,869 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Up 1.4 %

Vipshop stock opened at $14.44 on Friday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The company has a fifty day simple moving average of $14.18 and a 200 day simple moving average of $14.59. The company has a market cap of $7.83 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 1.60 and a beta of 0.34.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter last year, the company earned $0.51 EPS. Vipshop’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts forecast that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VIPS. Citigroup lifted their price target on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Morgan Stanley decreased their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Vipshop currently has an average rating of “Hold” and an average target price of $17.42.

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