Vipshop Holdings Limited (VIPS) Shares Bought by Voya Investment Management LLC
Voya Investment Management LLC raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,015 shares of the technology company’s stock after acquiring an additional 6,530 shares during the period. Voya Investment Management LLC’s holdings in Vipshop Holdings Limited were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Murphy Capital Management Inc. acquired a new position in shares of Vipshop Holdings Limited during the second quarter worth about $111,000. FNY Partners Fund LP raised its holdings in Vipshop Holdings Limited by 71.9% during the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after acquiring an additional 4,600 shares in the last quarter. OLD National Bancorp IN raised its holdings in Vipshop Holdings Limited by 1.1% during the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after acquiring an additional 128 shares in the last quarter. BB&T Securities LLC bought a new stake in Vipshop Holdings Limited in the second quarter valued at approximately $138,000. Finally, Financial Counselors Inc. raised its stake in Vipshop Holdings Limited by 4.2% in the second quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock valued at $145,000 after buying an additional 547 shares during the period. 57.20% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on VIPS shares. Benchmark Co. upped their price objective on Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, August 23rd. KeyCorp set a $13.00 price objective on Vipshop Holdings Limited and gave the company a “buy” rating in a research note on Thursday, October 19th. Daiwa Capital Markets lowered Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research note on Thursday, August 17th. Finally, BidaskClub upgraded Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.57.
Shares of Vipshop Holdings Limited (VIPS) opened at $8.33 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 0.77. The stock has a market capitalization of $4,891.85, a PE ratio of 14.05 and a beta of 2.06.
Vipshop Holdings Limited (NYSE:VIPS) last announced its earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The firm had revenue of $17.52 billion during the quarter, compared to analyst estimates of $17.30 billion. During the same period in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. equities research analysts anticipate that Vipshop Holdings Limited will post 0.61 earnings per share for the current fiscal year.
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Vipshop Holdings Limited Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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