Sciencast Management LP Invests $177,000 in Vipshop Holdings Limited (VIPS)

Sciencast Management LP purchased a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,742 shares of the technology company’s stock, valued at approximately $177,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Vipshop Holdings Limited by 4,449.5% during the 1st quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock valued at $237,973,000 after acquiring an additional 17,447,045 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Vipshop Holdings Limited during the 2nd quarter valued at $9,040,000. Wellington Management Group LLP grew its holdings in shares of Vipshop Holdings Limited by 4.9% during the 1st quarter. Wellington Management Group LLP now owns 3,248,556 shares of the technology company’s stock valued at $43,336,000 after acquiring an additional 150,848 shares in the last quarter. NorthCoast Asset Management LLC purchased a new position in shares of Vipshop Holdings Limited during the 2nd quarter valued at $527,000. Finally, OppenheimerFunds Inc. grew its holdings in shares of Vipshop Holdings Limited by 7.7% during the 1st quarter. OppenheimerFunds Inc. now owns 658,830 shares of the technology company’s stock valued at $8,789,000 after acquiring an additional 47,250 shares in the last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

Vipshop Holdings Limited (VIPS) traded down 0.98% on Thursday, reaching $8.07. 1,763,110 shares of the company’s stock were exchanged. Vipshop Holdings Limited has a 12 month low of $8.01 and a 12 month high of $15.67. The firm’s 50-day moving average is $9.13 and its 200-day moving average is $11.62. The firm has a market cap of $4.74 billion, a PE ratio of 15.64 and a beta of 1.87.

Vipshop Holdings Limited (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $17.30 billion. During the same period last year, the business earned $0.17 EPS. The business’s revenue was up 30.3% on a year-over-year basis. On average, equities analysts forecast that Vipshop Holdings Limited will post $0.73 earnings per share for the current year.

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VIPS has been the subject of several analyst reports. BidaskClub lowered shares of Vipshop Holdings Limited from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. TheStreet lowered shares of Vipshop Holdings Limited from a “b” rating to a “c+” rating in a research note on Monday, June 19th. Deutsche Bank AG lowered shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.50 to $12.60 in a research note on Friday, June 30th. Daiwa Capital Markets lowered shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research note on Thursday, August 17th. Finally, HSBC Holdings plc lowered shares of Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Vipshop Holdings Limited currently has an average rating of “Hold” and a consensus target price of $14.04.

About Vipshop Holdings Limited

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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