Neuberger Berman Group LLC Buys 11,787 Shares of Vipshop Holdings Limited (VIPS)

Neuberger Berman Group LLC boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.6% during the first quarter, Holdings Channel reports. The firm owned 134,352 shares of the technology company’s stock after buying an additional 11,787 shares during the period. Neuberger Berman Group LLC’s holdings in Vipshop Holdings Limited were worth $1,792,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Schroder Investment Management Group raised its stake in shares of Vipshop Holdings Limited by 131.6% in the first quarter. Schroder Investment Management Group now owns 8,251,172 shares of the technology company’s stock worth $110,730,000 after buying an additional 4,688,120 shares during the period. Comgest Global Investors S.A.S. raised its stake in shares of Vipshop Holdings Limited by 12.4% in the first quarter. Comgest Global Investors S.A.S. now owns 24,718,803 shares of the technology company’s stock worth $329,749,000 after buying an additional 2,735,100 shares during the period. FMR LLC raised its stake in shares of Vipshop Holdings Limited by 14.9% in the fourth quarter. FMR LLC now owns 20,250,213 shares of the technology company’s stock worth $222,955,000 after buying an additional 2,626,805 shares during the period. Global Thematic Partners LLC purchased a new stake in shares of Vipshop Holdings Limited during the first quarter worth $31,218,000. Finally, Boston Partners purchased a new stake in shares of Vipshop Holdings Limited during the first quarter worth $16,834,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Vipshop Holdings Limited (NYSE:VIPS)

Vipshop Holdings Limited (VIPS) opened at 11.58 on Wednesday. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 22.57 and a beta of 1.84. The stock has a 50 day moving average price of $13.18 and a 200 day moving average price of $12.62. Vipshop Holdings Limited has a 52-week low of $10.30 and a 52-week high of $17.41.

Vipshop Holdings Limited (NYSE:VIPS) last released its earnings results on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.62 billion. Vipshop Holdings Limited had a net margin of 3.50% and a return on equity of 44.90%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, equities analysts expect that Vipshop Holdings Limited will post $0.84 earnings per share for the current year.

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VIPS has been the subject of a number of research analyst reports. J P Morgan Chase & Co raised Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a research report on Tuesday, May 16th. Pacific Crest initiated coverage on Vipshop Holdings Limited in a research report on Wednesday, March 22nd. They set an “overweight” rating and a $17.00 target price for the company. Benchmark Co. initiated coverage on Vipshop Holdings Limited in a research report on Tuesday, April 18th. They set a “buy” rating and a $17.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Vipshop Holdings Limited in a research report on Friday, May 19th. Finally, Nomura reaffirmed a “neutral” rating and set a $16.80 target price (up from $16.40) on shares of Vipshop Holdings Limited in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $16.11.

Vipshop Holdings Limited Company Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

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