Keywise Capital Management Ltd Upped Vipshop Hldgs Ltd (NYSE:VIPS) Position as Price Rose by $66.20 Million

May 17, 2018 - By Alex Paulin

According to 2018Q1 Securities and Exchange report Keywise Capital Management Ltd upped its holdings in Vipshop Hldgs Ltd (NYSE:VIPS) by 157.35%. 4.14 million shares were bought by Keywise Capital Management Ltd as Vipshop Hldgs Ltd (NYSE:VIPS) stock rose 37.84% while stock markets declined. In 2018Q1, Keywise Capital Management Ltd held 6.77 million shares of Vipshop Hldgs Ltd (NYSE:VIPS), priced at $112.47 million, up from 2.63 million last quarter. $8.34 billion is the market cap of Vipshop Hldgs Ltd. The stock increased 4.80% or $0.58 during the last trading session, reaching $12.66.Vipshop Holdings Limited has 34.08 million shares volume, 249.64% up from normal. VIPS is uptrending and has moved 21.34% since May 17, 2017. VIPS outperformed by 9.79% the S&P 500.

Keywise Capital Management Ltd cut its stake in and reduced position by shares for a total of shares.

Keywise Capital Management Ltd is a Cayman Islands-based hedge fund that was founded by Fang Zheng. It had more than $1.77 billion assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Keywise Capital Management latest Adv, the fund reported to have 20 full and part-time employees. Among which 10 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Coverage

A total of 9 analysts rate Vipshop (NYSE:VIPS) as follows: 8 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 89% are bullish. (NYSE:VIPS) has 12 ratings reports on 17 May 2018 according to StockzIntelligence. On Tuesday, January 16 the rating was upgraded by Bernstein to “Outperform”. On Wednesday, February 14 the company was maintained by Benchmark. On Tuesday, January 16 the company was maintained by KeyBanc Capital Markets. On Wednesday, February 14 the firm has “Buy” rating given by HSBC. The stock rating was upgraded by Daiwa Securities to “Buy” on Monday, December 18. On Thursday, November 23 the firm has “Overweight” rating by JP Morgan given. On Tuesday, February 13 the firm has “Buy” rating by KeyBanc Capital Markets given. In Tuesday, February 13 report Macquarie Research upgraded it to “Buy” rating and $20.0 target. On Monday, November 20 the company was maintained by KeyBanc Capital Markets. On Wednesday, January 10 the stock of Vipshop Holdings Limited (NYSE:VIPS) has “Buy” rating given by Nomura.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China.The company has $8.34 billion market cap. It offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, fashionable jewelry, watches, and glasses for women and men.The P/E ratio is 25.07. The firm also provides handbags, such as purses, satchels, duffel bags, and wallets; apparel, gear and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers of all age groups; sports apparel, and sports gear, and footwear for tennis, badminton, soccer, and swimming; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and nail polish.

Vipshop Holdings Limited (NYSE:VIPS) Analyst Ratings Chart

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