Bank of Nova Scotia continued to hold its stake in Vipshop Holdings Limited (NYSE:VIPS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 900,000 shares of the technology company’s stock at the end of the second quarter. Bank of Nova Scotia owned approximately 0.15% of Vipshop Holdings Limited worth $9,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VIPS. BlackRock Inc. increased its stake in Vipshop Holdings Limited by 0.9% in the second quarter. BlackRock Inc. now owns 17,994,330 shares of the technology company’s stock valued at $189,841,000 after purchasing an additional 155,176 shares in the last quarter. Schroder Investment Management Group increased its stake in Vipshop Holdings Limited by 30.8% in the second quarter. Schroder Investment Management Group now owns 10,791,411 shares of the technology company’s stock valued at $124,425,000 after purchasing an additional 2,540,239 shares in the last quarter. Franklin Resources Inc. increased its stake in Vipshop Holdings Limited by 23.4% in the second quarter. Franklin Resources Inc. now owns 10,714,153 shares of the technology company’s stock valued at $113,035,000 after purchasing an additional 2,034,474 shares in the last quarter. Prudential PLC increased its stake in Vipshop Holdings Limited by 49.2% in the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after purchasing an additional 2,871,600 shares in the last quarter. Finally, Davis Selected Advisers increased its stake in Vipshop Holdings Limited by 5.2% in the second quarter. Davis Selected Advisers now owns 3,719,303 shares of the technology company’s stock valued at $39,239,000 after purchasing an additional 183,097 shares in the last quarter. 56.42% of the stock is owned by institutional investors and hedge funds.

Vipshop Holdings Limited (NYSE VIPS) traded down 0.25% during midday trading on Friday, hitting $7.88. 13,106,781 shares of the stock traded hands. The stock has a market capitalization of $4.63 billion, a P/E ratio of 15.27 and a beta of 1.87. The stock’s 50-day moving average price is $9.06 and its 200-day moving average price is $11.55. Vipshop Holdings Limited has a 52 week low of $7.80 and a 52 week high of $15.49.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The business had revenue of $17.52 billion during the quarter, compared to the consensus estimate of $17.30 billion. Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. Equities research analysts expect that Vipshop Holdings Limited will post $0.73 EPS for the current fiscal year.

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Several equities research analysts have weighed in on the stock. Macquarie decreased their price target on shares of Vipshop Holdings Limited from $16.50 to $11.00 and set an “outperform” rating for the company in a research note on Friday, August 18th. BidaskClub downgraded shares of Vipshop Holdings Limited from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Daiwa Capital Markets downgraded shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Thursday, August 17th. HSBC Holdings plc downgraded shares of Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a research note on Thursday, August 17th. Finally, Benchmark Co. lifted their price target on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.04.

Vipshop Holdings Limited Company Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Institutional Ownership by Quarter for Vipshop Holdings Limited (NYSE:VIPS)

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