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

May 17, 2018 - By Carol Mulligan

The stake In Vipshop Hldgs Ltd (NYSE:VIPS) owned by Keywise Capital Management Ltd was upped. According to 2018Q1 SEC regulatory filling the rise is 157.35%. Vipshop Hldgs Ltd (NYSE:VIPS) stock Popped Up 37.84% while Keywise Capital Management Ltd bought 4.14 million shares. Keywise Capital Management Ltd announced $112.47 million position in Keywise Capital Management Ltd for 2018Q1. Now it holds 6.77M shares, compared to 2.63M last quarter. $8.34 billion is the Vipshop Hldgs Ltd’s market cap. VIPS hit $12.66 during the last trading session after $0.58 change.Vipshop Holdings Limited is uptrending after having risen 21.34% since May 17, 2017. VIPS has 34.08M volume or 249.64% up from normal. The stock outperformed the S&P500 by 9.79%.

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

Total analysts of 9 have positions in Vipshop (NYSE:VIPS) as follows: 8 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 89%. Since November 22, 2017 according to StockzIntelligence Inc Vipshop has 12 analyst reports. On Monday, December 18 the firm has “Buy” rating by Daiwa Securities given. On Tuesday, January 16 the firm has “Buy” rating given by KeyBanc Capital Markets. On Wednesday, February 14 the stock has “Neutral” rating by JP Morgan. On Wednesday, January 10 the rating was upgraded by Nomura to “Buy”. In Monday, November 20 report KeyBanc Capital Markets maintained it with “Buy” rating and $11.0 target. The stock rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, February 13. The stock rating was upgraded by HSBC to “Buy” on Wednesday, February 14. On Wednesday, February 14 the rating was maintained by Benchmark with “Buy”. On Tuesday, January 16 the company was upgraded by Bernstein. On Thursday, November 23 JP Morgan maintained Vipshop Holdings Limited (NYSE:VIPS) with “Overweight” rating.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China.The firm is valued at $8.34 billion. 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.25.07 is the P/E ratio. 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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