Carmignac Gestion Raises Stock Holdings in Vipshop Holdings Limited $VIPS

Carmignac Gestion grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.8% during the second quarter, HoldingsChannel.com reports. The fund owned 4,920,324 shares of the technology company’s stock after buying an additional 439,795 shares during the quarter. Vipshop accounts for about 0.8% of Carmignac Gestion’s portfolio, making the stock its 27th biggest position. Carmignac Gestion’s holdings in Vipshop were worth $65,166,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares during the last quarter. Guggenheim Capital LLC lifted its position in Vipshop by 24.2% during the second quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock valued at $678,000 after purchasing an additional 8,779 shares during the period. Jump Financial LLC purchased a new stake in Vipshop in the second quarter worth approximately $505,000. California Public Employees Retirement System grew its position in Vipshop by 9.6% in the 2nd quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock worth $10,063,000 after purchasing an additional 58,820 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Vipshop by 14.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock worth $632,000 after purchasing an additional 5,200 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 1.1%

VIPS traded down $0.15 during trading on Tuesday, hitting $13.05. The company’s stock had a trading volume of 3,580,148 shares, compared to its average volume of 2,383,532. Vipshop Holdings Limited has a one year low of $12.65 and a one year high of $21.08. The firm has a market cap of $6.25 billion, a PE ratio of 4.32, a P/E/G ratio of 2.03 and a beta of 0.67. The business’s 50 day simple moving average is $14.23 and its 200-day simple moving average is $14.71.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VIPS shares. Morgan Stanley set a $16.00 price target on Vipshop in a report on Wednesday, August 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vipshop in a report on Friday, August 21st. Nomura reiterated a “neutral” rating and set a $14.00 price objective on shares of Vipshop in a research report on Thursday, August 27th. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Finally, Barclays dropped their target price on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.