DGS Capital Management LLC Raises Holdings in Vipshop Holdings Limited (NYSE:VIPS)

DGS Capital Management LLC lifted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 7.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 40,893 shares of the technology company’s stock after purchasing an additional 2,841 shares during the period. DGS Capital Management LLC’s holdings in Vipshop were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Lindbrook Capital LLC increased its stake in Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after purchasing an additional 708 shares in the last quarter. Rakuten Securities Inc. purchased a new position in Vipshop in the 4th quarter valued at approximately $36,000. Richardson Financial Services Inc. purchased a new position in Vipshop in the 4th quarter valued at approximately $39,000. Blue Trust Inc. increased its stake in Vipshop by 243.5% in the 4th quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock valued at $56,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock worth $66,000 after buying an additional 1,462 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Down 4.6 %

VIPS stock opened at $13.15 on Friday. Vipshop Holdings Limited has a 52-week low of $13.14 and a 52-week high of $20.19. The stock’s fifty day simple moving average is $15.73 and its 200-day simple moving average is $16.42. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 6.12 and a beta of 0.39.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. As a group, analysts anticipate that Vipshop Holdings Limited will post 2.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VIPS shares. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Citigroup dropped their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, HSBC dropped their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vipshop currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.