Venturi Wealth Management LLC Purchases New Stake in Vipshop Holdings Limited (NYSE:VIPS)

Venturi Wealth Management LLC acquired a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,560 shares of the technology company’s stock, valued at approximately $56,000.

Several other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in Vipshop by 81.3% in the first quarter. Janney Montgomery Scott LLC now owns 51,726 shares of the technology company’s stock valued at $856,000 after acquiring an additional 23,195 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Vipshop by 5.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock worth $264,000 after buying an additional 779 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Vipshop by 238.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock valued at $1,996,000 after buying an additional 84,976 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Vipshop by 18.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 210,499 shares of the technology company’s stock valued at $3,484,000 after acquiring an additional 32,177 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in Vipshop by 3.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company’s stock worth $25,432,000 after acquiring an additional 48,300 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Down 0.1 %

Shares of NYSE:VIPS opened at $13.94 on Friday. The firm has a market cap of $7.56 billion, a P/E ratio of 6.61, a P/E/G ratio of 1.57 and a beta of 0.34. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The business has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $14.48.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) 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 company had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on VIPS. Citigroup raised their price target on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays began coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and dropped their price target for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.64.

Vipshop 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.