Keywise Capital Management Ltd Bought $66.20 Million More Vipshop Hldgs Ltd (NYSE:VIPS) Shares

May 17, 2018 - By Alma Kearns

Based on the latest 2018Q1 filling from the SEC, Keywise Capital Management Ltd increased its stake in Vipshop Hldgs Ltd (NYSE:VIPS) by 157.35%. Vipshop Hldgs Ltd (NYSE:VIPS) rose 37.84% while stock markets declined as Keywise Capital Management Ltd bought 4.14 million shares. It held 6.77 million shares of Vipshop Hldgs Ltd (NYSE:VIPS) at the end of 2018Q1, valued at $112.47M, up from 2.63 million last quarter. $8.34B is the market cap of Vipshop Hldgs Ltd. Ticker’s shares touched $12.66 during the last trading session after 4.80% change.Vipshop Holdings Limited has 34.08M shares volume, 249.64% up from normal. VIPS is uptrending and has moved 21.34% since May 17, 2017. The stock outperformed the S&P 500 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

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

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.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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