Venturi Wealth Management LLC Buys Shares of 3,560 Vipshop Holdings Limited (NYSE:VIPS)

Venturi Wealth Management LLC purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,560 shares of the technology company’s stock, valued at approximately $56,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its position in Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares in the last quarter. Employees Retirement System of Texas grew its holdings in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,717 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Vipshop in the second quarter valued at about $136,000. Atomi Financial Group Inc. raised its holdings in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Vipshop by 19.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,698 shares of the technology company’s stock valued at $204,000 after purchasing an additional 2,528 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Down 0.1 %

Vipshop stock opened at $13.94 on Friday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The stock 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. The company’s 50-day moving average price is $14.60 and its two-hundred day moving average price is $14.48.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of analyst reports. Citigroup upped their price objective on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, Morgan Stanley lowered their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.