Step Capital Management Pte. Ltd. Raises Holdings in Vipshop Holdings Limited $VIPS

Step Capital Management Pte. Ltd. increased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 90.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 252,141 shares of the technology company’s stock after purchasing an additional 120,000 shares during the quarter. Vipshop accounts for approximately 0.7% of Step Capital Management Pte. Ltd.’s portfolio, making the stock its 12th largest position. Step Capital Management Pte. Ltd.’s holdings in Vipshop were worth $3,343,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares during the last quarter. LSV Asset Management raised its holdings in Vipshop by 7.5% during the 4th quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock valued at $105,075,000 after buying an additional 415,000 shares during the last quarter. KBC Group NV raised its holdings in Vipshop by 281.0% during the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock valued at $8,421,000 after buying an additional 395,088 shares during the last quarter. Carmignac Gestion boosted its position in Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock valued at $70,510,000 after buying an additional 319,375 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its position in Vipshop by 167.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 117,715 shares of the technology company’s stock valued at $2,082,000 after buying an additional 73,710 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Trading Up 0.9%

NYSE:VIPS opened at $13.20 on Friday. The company has a 50-day moving average price of $14.23 and a 200-day moving average price of $14.77. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 4.37, a P/E/G ratio of 2.01 and a beta of 0.67. Vipshop Holdings Limited has a 12 month low of $12.65 and a 12 month high of $21.08.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Equities analysts forecast that Vipshop Holdings Limited will post 1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of analyst reports. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Nomura reaffirmed a “neutral” rating and set a $14.00 price target on shares of Vipshop in a research report on Thursday, August 27th. Finally, UBS Group set a $18.50 price objective on Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.52.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.