Nan Fung Trinity HK Ltd. Acquires New Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Nan Fung Trinity HK Ltd. acquired a new position in Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, Holdings Channel reports. The fund acquired 373,100 shares of the technology company’s stock, valued at approximately $5,026,000. Vipshop makes up approximately 1.0% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds also recently bought and sold shares of the company. Hhlr Advisors LTD. raised its position in shares of Vipshop by 6.2% in the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after acquiring an additional 914,322 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock worth $149,619,000 after purchasing an additional 139,320 shares in the last quarter. First Beijing Investment Ltd purchased a new stake in shares of Vipshop during the third quarter valued at about $120,182,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Vipshop by 7.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,828,506 shares of the technology company’s stock valued at $75,952,000 after buying an additional 333,989 shares in the last quarter. Finally, Polaris Capital Management LLC purchased a new position in shares of Vipshop in the 4th quarter worth approximately $63,095,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays began coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Performance

Shares of VIPS opened at $14.66 on Friday. The stock has a 50-day moving average of $13.98 and a two-hundred day moving average of $13.98. The stock has a market cap of $7.53 billion, a P/E ratio of 7.02, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

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