Sanctuary Advisors LLC Acquires 79,604 Shares in Vipshop Holdings Limited

Sanctuary Advisors LLC has recently made a significant investment in Vipshop Holdings Limited (NYSE:VIPS) in the second quarter, according to their latest 13F filing with the Securities and Exchange Commission. They have acquired 79,604 shares of the company’s stock, which amounts to an investment worth approximately $1,036,000.

In addition to Sanctuary Advisors, several other institutional investors have also adjusted their stakes in Vipshop. For instance, Richardson Financial Services Inc. entered the market with a new position in Vipshop during the fourth quarter, valued around $39,000. Meanwhile, Blue Trust Inc. increased its holdings by an astonishing 1,904.0% in the second quarter, bringing its total ownership to 3,527 shares valued at $46,000 after acquiring an additional 3,351 shares.

Furthermore, the Employees Retirement System of Texas raised its position in Vipshop by 143.2% during the second quarter, now owning 4,614 shares valued at $60,000 after buying another 2,717 shares. National Bank of Canada FI and Ballentine Partners LLC have also recently invested in Vipshop, with positions worth about $136,000 and $189,000, respectively. As a result, approximately 48.82% of Vipshop’s stock is currently held by institutional investors.

Current Performance of Vipshop Stock

As of Friday, Vipshop's stock opened at $16.50. Over the past year, the stock has experienced a low point of $11.50 and a peak of $20.19. The average for the last fifty days is $13.91, with the 200-day average standing at $14.81. Vipshop Holdings Limited has a market capitalization of $8.95 billion, a P/E ratio of 7.82, and a beta of 0.34.

Recently, Vipshop reported its earnings results on August 20th. The technology company announced an impressive earnings per share of $3.91 for the quarter, surpassing the consensus estimate of $0.48 by a substantial margin of $3.43. The reported quarterly revenue stood at $25.08 billion, although this was below the analyst estimates of $26.61 billion. The company’s return on equity was recorded at 22.51%, with a net margin of 7.52%. However, it is worth noting that the quarterly revenue indicated a decline of 4.1% year-over-year, as it was $0.51 earnings per share in the same quarter of the previous year. Analysts predict that Vipshop Holdings Limited will report 1.97 earnings per share for the current year.

Analyst Opinions on Vipshop

Recently, several brokerage firms have provided their analysis of Vipshop. UBS Group downgraded the shares from a “buy” to a “neutral” rating and lowered the target price from $20.00 to $12.50. Conversely, Citigroup increased their price target from $15.00 to $18.00 while maintaining a “buy” rating. StockNews.com changed its stance, upgrading Vipshop from “hold” to “buy.” Meanwhile, CLSA downgraded the stock from “outperform” to “hold” and adjusted the target price down from $15.80 to $12.00. Morgan Stanley also lowered their target price from $16.00 to $14.00, assigning an “equal weight” rating. Presently, five research analysts have given Vipshop a hold rating while two have recommended a buy, leading to an average rating of “Hold” with a consensus target price of $17.42, according to MarketBeat data.

Overview of Vipshop Holdings Limited

Vipshop Holdings Limited operates a range of online platforms within the People’s Republic of China. Their operations include segments like Vip.com, Shan Shan Outlets, and others. The company’s offerings are diverse, including women’s wear, men’s wear, sportswear, bags, accessories, products for babies and children, skincare and cosmetics, home goods, and supermarket products.

Conclusion

In summary, Sanctuary Advisors LLC’s significant purchase of 79,604 shares highlights continued institutional interest in Vipshop Holdings Limited, reflecting the company’s potential growth prospects in the tech sector.

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