Claro Advisors LLC Makes New $189,000 Investment in Vipshop Holdings Limited (NYSE:VIPS)

Claro Advisors LLC bought a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,402 shares of the technology company’s stock, valued at approximately $189,000.

Other institutional investors have also modified their holdings of the company. FIL Ltd raised its stake in shares of Vipshop by 31.2% in the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after purchasing an additional 2,593,670 shares in the last quarter. KBC Group NV raised its stake in Vipshop by 55.8% during the fourth quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after acquiring an additional 224,098 shares during the period. Nordea Investment Management AB raised its stake in Vipshop by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 1,322,433 shares of the technology company’s stock worth $23,592,000 after acquiring an additional 233,438 shares during the period. American Century Companies Inc. raised its stake in Vipshop by 9.6% during the third quarter. American Century Companies Inc. now owns 996,011 shares of the technology company’s stock worth $15,946,000 after acquiring an additional 87,252 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Vipshop by 28.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after acquiring an additional 2,273,198 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $13.41 on Wednesday. The company has a market cap of $7.27 billion, a PE ratio of 6.24 and a beta of 0.32. Vipshop Holdings Limited has a 52 week low of $12.94 and a 52 week high of $20.19. The firm has a 50 day simple moving average of $15.59 and a 200 day simple moving average of $16.36.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. On average, equities analysts predict that Vipshop Holdings Limited will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on VIPS shares. StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Benchmark cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. HSBC reduced their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, Citigroup reduced their target price on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

About Vipshop

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.