Krane Funds Advisors LLC recently announced the acquisition of new stake in Vipshop Holdings Ltd ADR (NYSE:VIPS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 14.18% to 13.06 million shares with purchase of 1.62 million shares. This fresh investment now brings its stake to 2.69% valued currently at $186.27 million.
With over 4.13 million Vipshop Holdings Ltd ADR (VIPS) shares trading Tuesday and a closing price of $15.21 on the day, the dollar volume was approximately $62.88 million. The shares have shown a negative half year performance of -7.43% and its price on 12/05/23 lost nearly -0.52%. Currently, there are 508.11M common shares owned by the public and among those 464.01M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 23 analysts who have offered their price forecasts for VIPS have a consensus price objective of $133.79. The analysts have set the share’s price value over the next 12 months at a high of $152.18 and a low of $102.11. The average price target is 19.22% above its recent price level and an upside to the estimated low will see the stock gain 85.1% over that period. But an upside of 90.01% will see the stock hit the forecast high price target while median target price for the stock is $136.39.
The top 3 mutual fund holders in Vipshop Holdings Ltd ADR are KraneShares CSI China Internet ET, Stichting Pensioenfonds ABP, and Government Pension Fund – Global. KraneShares CSI China Internet ET owns 12.01 million shares of the company’s stock, all valued at over $171.3 million. Stichting Pensioenfonds ABP bought 4.93 million shares to see its total holdings expand to 6.96 million shares valued at over $99.3 million and representing 1.44% of the shares outstanding. Government Pension Fund – Global bought 1.71 million shares to bring its total holdings to over 6.82 million shares at a value of $97.24 million. Government Pension Fund – Global now owns shares totaling to 1.41% of the shares outstanding.
Shares of Vipshop Holdings Ltd ADR (NYSE: VIPS) opened at $15.02, down -$0.27 from a prior closing price of $15.29. However, the script later moved the day high at 15.26, down -0.52%. The company’s stock has a 5-day price change of -7.43% and -2.12% over the past three months. VIPS shares are trading 11.51% year to date (YTD), with the 12-month market performance up to 27.17% higher. It has a 12-month low price of $12.05 and touched a high of $19.13 over the same period. VIPS has an average intraday trading volume of 3.01 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 -1.75%, -0.71%, and -2.57% respectively.
Institutional ownership of Vipshop Holdings Ltd ADR (NYSE: VIPS) shares accounts for 68.35% of the company’s 508.11M shares outstanding. Mutual fund holders own 31.66%, while other institutional holders and individual stakeholders account for 34.81% and — respectively.
It has a market capitalization of $7.06B and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 8.39, while the earnings-per-share (ttm) stands at $1.81. The company has a PEG of 5.18 and a Quick Ratio of 0.98 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.99% over the week and 4.02% over the month.
Analysts forecast that Vipshop Holdings Ltd ADR (VIPS) will achieve an EPS of $Vanguard Industrials ETF for the current quarter, $207.70 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $VIRS while analysts give the company a high EPS estimate of $Vanguard Inflation Protected Se. Comparatively, EPS for the current quarter was $GraniteShares HIPS US High Inco a year ago. Earnings per share for the fiscal year are expected to increase by 45.31%, and 6.72% over the next financial year. EPS should shrink at an annualized rate of 1.62% over the next five years, compared to 24.35% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 23 brokerage firm advisors rate Vipshop Holdings Ltd ADR (VIPS) as a “Strong Buy” at a consensus score of 1.57. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 6 of the 23 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. Citigroup stated their Buy rating for the stock in a research note on November 15, 2023, with the firm’s price target at $18-$20.
