Global X Management Co. LLC raised its position in Vipshop Holdings Limited (NYSE:VIPS) by 40.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,946 shares of the technology company’s stock after buying an additional 55,068 shares during the period. Global X Management Co. LLC’s holdings in Vipshop Holdings Limited were worth $2,004,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Vipshop Holdings Limited by 4,449.5% in the first quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock worth $237,973,000 after buying an additional 17,447,045 shares during the period. FMR LLC increased its position in shares of Vipshop Holdings Limited by 52.0% in the first quarter. FMR LLC now owns 30,780,132 shares of the technology company’s stock worth $410,608,000 after buying an additional 10,529,919 shares during the period. Schroder Investment Management Group increased its position in shares of Vipshop Holdings Limited by 131.6% in the first quarter. Schroder Investment Management Group now owns 8,251,172 shares of the technology company’s stock worth $110,730,000 after buying an additional 4,688,120 shares during the period. Comgest Global Investors S.A.S. increased its position in shares of Vipshop Holdings Limited by 12.4% in the first quarter. Comgest Global Investors S.A.S. now owns 24,718,803 shares of the technology company’s stock worth $329,749,000 after buying an additional 2,735,100 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Vipshop Holdings Limited during the first quarter worth $31,703,000. 68.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vipshop Holdings Limited (NYSE VIPS) opened at 11.44 on Friday. The company has a market cap of $6.69 billion, a PE ratio of 22.00 and a beta of 1.90. The stock’s 50 day moving average price is $11.44 and its 200-day moving average price is $12.62. Vipshop Holdings Limited has a one year low of $9.94 and a one year high of $17.41.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Vipshop Holdings Limited had a return on equity of 44.90% and a net margin of 3.50%. The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts expect that Vipshop Holdings Limited will post $0.83 EPS for the current year.

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A number of equities analysts have weighed in on VIPS shares. J P Morgan Chase & Co raised Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and set a $17.00 price target on shares of Vipshop Holdings Limited in a research report on Friday, May 19th. Benchmark Co. started coverage on Vipshop Holdings Limited in a research report on Tuesday, April 18th. They set a “buy” rating and a $17.00 price target on the stock. Deutsche Bank AG downgraded Vipshop Holdings Limited from a “buy” rating to a “hold” rating and lowered their price target for the stock from $15.50 to $12.60 in a research report on Friday, June 30th. Finally, Stifel Nicolaus boosted their price target on Vipshop Holdings Limited from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.80.

Vipshop Holdings Limited Company 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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Institutional Ownership by Quarter for Vipshop Holdings Limited (NYSE:VIPS)

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