Shanghai Greenwoods Asset Managem.. recently announced the acquisition of new stake in Vipshop Holdings Limited (NYSE:VIPS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 39.35% to 7.92 million shares with purchase of 2.24 million shares. This fresh investment now brings its stake to 1.34% valued currently at $180.37 million. In addition, Canada Pension Plan Investment Bo.. raised its holdings by 6.66 million to 7.3 million shares.
With over 18.12 million Vipshop Holdings Limited (VIPS) shares trading Friday and a closing price of $17.51 on the day, the dollar volume was approximately $317.23 million. The shares have shown a negative weekly performance of -22.49% and its price on 08/21/20 lost nearly -2.99%. Currently, there are 674.78M common shares owned by the public and among those 542.40M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 26 analysts who have offered their price forecasts for VIPS have a consensus price objective of $150.17. The analysts have set the share’s price value over the next 12 months at a high of $209.66 and a low of $117.45 should the stock experience a downside. Incidentally, analysts’ outlook for the Vipshop Holdings Limited stock is 2.10 for the next 12 months. The average price target is 18.1% above its last price level and an upside to the estimated low will see the stock gain 85.09% over that period. But an upside of 91.65% will see the stock hit the forecast high price target while mean target price for the stock is $145.36.
The top 3 mutual fund holders in Vipshop Holdings Limited are Government Pension Fund – Global, Vanguard Total International Stoc, and Stichting Pensioenfonds ABP (Glob. Government Pension Fund – Global owns 10.28 million shares of the company’s stock, all valued at over $234.09 million. The company sold -1.55 million shares recently to bring their total holdings to about 1.74% of the shares outstanding. Vanguard Total International Stoc sold -0.16 million shares to see its total holdings shrink to 7.12 million shares valued at over $162.19 million and representing 1.21% of the shares outstanding. Stichting Pensioenfonds ABP (Glob bought 0.67 million shares to bring its total holdings to over 6.65 million shares at a value of $151.52 million. Stichting Pensioenfonds ABP (Glob now owns shares totaling to 1.13% of the shares outstanding.
Shares of Vipshop Holdings Limited (NYSE: VIPS) opened at $17.37, down -$0.68 from a prior closing price of $18.05. However, the script later closed the day at $17.51, down -2.99%. The company’s stock has a 5-day price change of -22.49% and 16.89% over the past three months. VIPS shares are trading 23.57% year to date (YTD), with the 12-month market performance up to 118.33% higher. It has a 12-month low price of $7.69 and touched a high of $24.46 over the same period. Currently, 18.12 million shares have been traded, compared to an average intraday trading volume of 6.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -21.05%, -17.42%, and 7.49% respectively.
Institutional ownership of Vipshop Holdings Limited (NYSE: VIPS) shares accounts for 59.80% of the company’s 674.78M shares outstanding. Mutual fund holders own 26.40%, while other institutional holders and individual stakeholders account for 32.31% and — respectively.
It has a market capitalization of $12.20B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 18.15, while the earnings-per-share (ttm) stands at $0.97. The company has a PEG of 7.37 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.38% over the week and 4.38% over the month.
Analysts forecast that Vipshop Holdings Limited (VIPS) will achieve an EPS of $0.29 for the current quarter, $0.49 for the next quarter and $1.52 for 2021. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.42. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 94.20%, and 21.10% over the next financial year. EPS should shrink at an annualized rate of 2.46% over the next five years, compared to 33.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate Vipshop Holdings Limited (VIPS) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 15 Wall Street analysts polled rate the stock as a buy, while 8 of the 26 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VIPS, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on August 21, 2020, with the firm’s price target at. UBS coverage for the Vipshop Holdings Limited (VIPS) stock in a research note released on July 15, 2020 offered a Buy rating with a price target of. Credit Suisse was of a view on May 07, 2020 that the stock is Outperform, while Nomura gave the stock Buy rating on March 06, 2020, issuing a price target of $12.10- $20. Citigroup on their part issued Buy rating on March 06, 2020.