Engineers Gate Manager LP Purchases 152,282 Shares of Vipshop Holdings Limited $VIPS

Engineers Gate Manager LP increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 747.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,668 shares of the technology company’s stock after buying an additional 152,282 shares during the period. Engineers Gate Manager LP’s holdings in Vipshop were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VIPS. Integrated Wealth Concepts LLC bought a new position in shares of Vipshop in the 2nd quarter valued at about $58,000. Maven Securities LTD acquired a new stake in Vipshop in the 2nd quarter valued at about $1,853,000. Squarepoint Ops LLC lifted its stake in Vipshop by 72.1% in the 2nd quarter. Squarepoint Ops LLC now owns 204,344 shares of the technology company’s stock valued at $2,710,000 after purchasing an additional 85,575 shares during the last quarter. Carmignac Gestion lifted its stake in Vipshop by 9.8% in the 2nd quarter. Carmignac Gestion now owns 4,920,324 shares of the technology company’s stock valued at $65,166,000 after purchasing an additional 439,795 shares during the last quarter. Finally, Nykredit A S bought a new position in Vipshop during the second quarter worth about $1,909,000. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Shares of VIPS opened at $12.43 on Tuesday. The firm has a market cap of $5.95 billion, a P/E ratio of 4.11, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Vipshop Holdings Limited has a 52 week low of $12.41 and a 52 week high of $21.08. The firm’s 50-day simple moving average is $14.16 and its 200 day simple moving average is $14.55.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%.The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. As a group, equities analysts forecast that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Nomura reissued a “neutral” rating and set a $14.00 price target on shares of Vipshop in a research report on Thursday, August 27th. Morgan Stanley set a $16.00 price objective on Vipshop in a research report on Wednesday, August 26th. UBS Group set a $18.50 target price on Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Vipshop in a report on Friday, August 21st. Finally, Zacks Research cut Vipshop from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.85.

About Vipshop

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.