SIH Partners LLLP Acquires Shares of 41,100 Vipshop Holdings Limited (NYSE:VIPS)

SIH Partners LLLP bought a new position in Vipshop Holdings Limited (NYSE:VIPS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,100 shares of the technology company’s stock, valued at approximately $535,000. Vipshop makes up about 0.5% of SIH Partners LLLP’s holdings, making the stock its 10th largest position.

A number of other institutional investors have also recently made changes to their positions in VIPS. Richardson Financial Services Inc. bought a new stake in shares of Vipshop in the 4th quarter worth $39,000. Blue Trust Inc. boosted its position in shares of Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares during the last quarter. Employees Retirement System of Texas increased its holdings in Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after buying an additional 2,717 shares in the last quarter. National Bank of Canada FI purchased a new position in Vipshop in the 2nd quarter worth about $136,000. Finally, Ballentine Partners LLC bought a new position in Vipshop during the 1st quarter valued at about $189,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 3.1 %

Shares of VIPS opened at $15.76 on Friday. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a market cap of $8.55 billion, a PE ratio of 7.33 and a beta of 0.33. The business has a fifty day moving average of $13.25 and a 200 day moving average of $14.85.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Vipshop Holdings Limited will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VIPS has been the subject of a number of research analyst reports. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and cut their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Citigroup raised their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.42.

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.