Sanctuary Advisors LLC Makes New Investment in Vipshop Holdings Limited (NYSE:VIPS)

Sanctuary Advisors LLC purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 79,604 shares of the technology company’s stock, valued at approximately $1,036,000.

Several other large investors also recently made changes to their positions in VIPS. FIL Ltd boosted its stake in Vipshop by 31.2% in the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Vipshop by 28.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after buying an additional 2,273,198 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Vipshop by 238.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after buying an additional 84,976 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Vipshop by 3.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company’s stock valued at $25,432,000 after buying an additional 48,300 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in Vipshop in the 1st quarter valued at approximately $1,211,000. Institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VIPS. Morgan Stanley decreased 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 note on Tuesday, August 20th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Citigroup lifted their target price on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and an average price target of $17.42.

Vipshop Price Performance

Vipshop stock opened at $16.50 on Friday. The company’s 50-day moving average is $13.91 and its 200-day moving average is $14.81. The firm has a market capitalization of $8.95 billion, a PE ratio of 7.82 and a beta of 0.34. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current 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.