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Origin Asset Management LLP Invests $13.66 Million in Vipshop Holdings Limited (NYSE:VIPS)

Financial News Live ·  Mar 8, 2023 00:25

Origin Asset Management LLP purchased a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,624,230 shares of the technology company's stock, valued at approximately $13,660,000. Vipshop accounts for approximately 5.6% of Origin Asset Management LLP's portfolio, making the stock its 5th largest position. Origin Asset Management LLP owned 0.24% of Vipshop at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VIPS. Huntington National Bank lifted its position in Vipshop by 121.0% during the 3rd quarter. Huntington National Bank now owns 3,487 shares of the technology company's stock valued at $29,000 after acquiring an additional 1,909 shares during the period. Sargent Bickham Lagudis LLC purchased a new position in Vipshop during the 3rd quarter valued at about $34,000. Employees Retirement System of Texas purchased a new position in Vipshop during the 2nd quarter valued at about $43,000. Wipfli Financial Advisors LLC purchased a new position in Vipshop during the 3rd quarter valued at about $51,000. Finally, Quadrant Capital Group LLC lifted its position in Vipshop by 128.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,681 shares of the technology company's stock valued at $73,000 after acquiring an additional 4,883 shares during the period. 49.81% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on VIPS. UBS Group raised shares of Vipshop from a "neutral" rating to a "buy" rating and set a $17.50 price target for the company in a research report on Friday, February 24th. Nomura upgraded shares of Vipshop from a "neutral" rating to a "buy" rating in a report on Friday, February 24th. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a report on Wednesday, November 23rd. Benchmark upgraded Vipshop from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Friday, February 24th. Finally, The Goldman Sachs Group lifted their target price on Vipshop from $10.10 to $11.40 and gave the stock a "neutral" rating in a report on Wednesday, November 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of "Moderate Buy" and an average target price of $13.18.

Vipshop Stock Performance

Shares of NYSE VIPS traded up $0.25 during midday trading on Tuesday, hitting $14.77. 1,480,349 shares of the stock traded hands, compared to its average volume of 4,979,792. The firm has a market capitalization of $10.03 billion, a P/E ratio of 10.01 and a beta of 0.45. Vipshop Holdings Limited has a one year low of $5.75 and a one year high of $16.18. The firm has a 50-day moving average of $14.72 and a two-hundred day moving average of $11.58.

Vipshop (NYSE:VIPS – Get Rating) last announced its earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.52 billion. Vipshop had a return on equity of 16.75% and a net margin of 6.05%. Equities analysts forecast that Vipshop Holdings Limited will post 1.39 earnings per share for the current fiscal year.

Vipshop Profile

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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.

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