Krane Funds Advisors LLC has recently announced that it has increased stake in Vipshop Holdings Ltd ADR (NYSE:VIPS) by 14.18%. After grabbing 13.06 million shares, the institutional investor is now in possession of 1.62 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.82% having worth around $209.39 million.
Vipshop Holdings Ltd ADR (VIPS) concluded trading on 12/28/23 at a closing price of $17.54, with 5.36 million shares of worth about $94.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.48% during that period and on Thursday the price saw a gain of about 4.03%. Currently the company’s common shares owned by public are about 508.11M shares, out of which, 463.54M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 23 analysts are covering the VIPS stock and their offered price forecasts bring an average price target of $133.41. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $152.18 and could fall to a lowest price of $102.11. The stock’s current price level is 6.6% above of average price target set by the analysts, while a rise to estimated low would result in gain of 82.82% for the stock. However, touching the estimated high of $152.18 would mean a gain of 88.47% for the stock.
KraneShares CSI China Internet ET, Stichting Pensioenfonds ABP, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Vipshop Holdings Ltd ADR KraneShares CSI China Internet ET is currently holding 12.32 million shares of worth totaling $197.54 million. The company recently came buying 0.0 shares which brought its stake up to 2.66% of the company’s outstanding shares. Stichting Pensioenfonds ABP bought 4.93 million shares, after which its hold over company’s outstanding shares expand to 1.50%, leaving 6.96 million shares with the mutual fund that have a worth of about $111.63 million. Government Pension Fund – Global, after buying 6.82 million shares, have now control over 1.47% of the stake in the company. It holds 1.71 million shares of worth $109.31 million.
Vipshop Holdings Ltd ADR (NYSE: VIPS) started trading at $17.22, above $0.36 from concluding price of the previous day. Stock saw a price change of 8.41% in past 5 days and over the past one month there was a price change of 6.76%. Year-to-date (YTD), VIPS shares are showing a performance of 28.59% which increased to 26.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.14 but also hit the highest price of $19.13 during that period. The average intraday trading volume for Vipshop Holdings Ltd ADR shares is 3.12 million. The stock is currently trading 8.96% above its 20-day simple moving average (SMA20), while that difference is up 13.37% for SMA50 and it goes to 11.33% higher than SMA200.
Krane Funds Advisors LLC acquired 13.06 million shares of Vipshop Holdings Ltd ADR having value of about $209.39 million. Data submitted at the U.S SEC by Krane Funds Advisors LLC revealed that the firm now holds 1.62 million shares in the company valued at close to $28462210.62, or have control over 14.18% stake in the company. Vipshop Holdings Ltd ADR (NYSE: VIPS) currently have 508.11M outstanding shares and institutions hold larger chunk of about 68.36% of that. Holding of mutual funds in the company is about 33.26% while other institutional holders and individual stake holders have control over 36.20% and — of the stake respectively.
The stock has a current market capitalization of $8.14B and its 3Y-monthly beta is at 0.51. PE ratio of stock for trailing 12 months is 9.68, while it has posted earnings per share of $1.81 in the same period. Its PEG reads 5.97 and has Quick Ratio of 0.98 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VIPS, volatility over the week remained 3.49% while standing at 3.09% over the month.
Analysts are in expectations that Vipshop Holdings Ltd ADR (VIPS) stock would likely to be making an EPS of $0.7 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $2.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.65 which is $0.77 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.53 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 49.17% while it is estimated to increase by 6.48% in next year. EPS is likely to shrink at an annualized rate of 1.62% for next 5-years, compared to annual growth of 24.35% made by the stock over the past 5-years.
Analysts at 23 brokerage firms have issued recommendations for the Vipshop Holdings Ltd ADR (VIPS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.57. Out of those 23 Wall Street analysts, 16 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 15, 2023 offering a Buy rating for the stock and assigned a target price range of between $18 and $20 to it.
