Ariose Capital Management Ltd Takes Position in Vipshop Holdings Limited (NYSE:VIPS)

Ariose Capital Management Ltd bought a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 520,600 shares of the technology company's stock, valued at approximately $8,189,000. Vipshop accounts for 7.0% of Ariose Capital Management Ltd's investment portfolio, making the stock its 6th largest holding. Ariose Capital Management Ltd owned about 0.10% of Vipshop as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings 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 worth $46,000 after buying an additional 3,351 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after buying an additional 2,717 shares during the period. National Bank of Canada FI acquired a new stake in Vipshop during the second quarter worth $136,000. Atomi Financial Group Inc. raised its position in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after purchasing an additional 702 shares during the period. Finally, Claro Advisors LLC purchased a new position in shares of Vipshop during the 1st quarter worth $189,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VIPS. Citigroup upped their price target on Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. UBS Group cut Vipshop from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. CLSA lowered shares of Vipshop from an "outperform" rating to a "hold" rating and cut their target price for the stock from $15.80 to $12.00 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. Finally, Morgan Stanley decreased their price target on Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.42.

Vipshop Stock Up 0.9 %

Shares of Vipshop stock traded up $0.13 during trading on Wednesday, reaching $14.13. The company's stock had a trading volume of 1,935,177 shares, compared to its average volume of 4,043,712. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The company has a market capitalization of $7.66 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.34. The business has a 50 day moving average price of $14.05 and a 200-day moving average price of $14.68.

Vipshop (NYSE:VIPS - Get Free Report) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $25.08 billion during the quarter, compared to analysts' expectations of $26.61 billion. During the same period last year, the company posted $0.51 earnings per share. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. Research analysts predict that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

Vipshop Company Profile

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.