Vipshop Hldgs LTD (VIPS) Stock Value Declined While Point72 Asia Hong Kong LTD Has Boosted Its Holding; Meritage Portfolio Management Cut Its Wns Holdings Limited Adr (WNS) Stake by $4.06 Million; Market Value Rose

August 12, 2018 - By Billy Entrekin

WNS (NYSE:Holdings Limited) Logo

Point72 Asia Hong Kong Ltd increased its stake in Vipshop Hldgs Ltd (VIPS) by 119.73% based on its latest 2018Q1 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd bought 999,422 shares as the company’s stock declined 35.27% with the market. The hedge fund held 1.83M shares of the catalog and specialty distribution company at the end of 2018Q1, valued at $30.48M, up from 834,754 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Vipshop Hldgs Ltd for a number of months, seems to be bullish on the $6.02B market cap company. The stock increased 0.11% or $0.01 during the last trading session, reaching $9.14. About 7.30 million shares traded. Vipshop Holdings Limited (NYSE:VIPS) has declined 10.11% since August 12, 2017 and is downtrending. It has underperformed by 22.68% the S&P500. Some Historical VIPS News: 30/03/2018 – Vipshop to Invest Up to $250 Million in Private-Equity Fund; 14/05/2018 – Vipshop Holdings Sees 2Q Rev CNY20.5B-CNY21.3B; 15/05/2018 – POINT72 SINGAPORE REDUCED VIPS IN 1Q: 13F; 30/03/2018 – Vipshop Holdings Committed to Invest Up to $250M Into a Private Equity Fund With Consumer Goods and Supply Chain as One of Its Key Investment Areas; 14/05/2018 – Allianz Global Adds Vipshop Holdings, Exits Tal Education: 13F; 15/05/2018 – ADRs End Lower; Vipshop Trades Actively; 14/05/2018 – VIPSHOP HOLDINGS LTD – LOOKING AHEAD, WILL CONTINUE TO WORK CLOSELY WITH TENCENT AND JD.COM IN ORDER TO IMPROVE TRAFFIC FLOW AND CONVERSION RATES; 14/05/2018 – Vipshop Holdings 1Q Adj EPS 17c; 26/04/2018 – COSMO LADY CHINA HOLDINGS CO LTD 2298.HK – SUBSCRIBERS ARE WINDCREEK, IMAGE FRAME INVESTMENT, VIPSHOP AND QUICK RETURNS; 19/04/2018 – Vipshop Filed 2017 Annual Report on Form 20-F

Meritage Portfolio Management decreased its stake in Wns Holdings Limited Adr (WNS) by 47.71% based on its latest 2018Q1 regulatory filing with the SEC. Meritage Portfolio Management sold 90,188 shares as the company’s stock rose 10.59% while stock markets declined. The institutional investor held 98,827 shares of the business services company at the end of 2018Q1, valued at $4.48 million, down from 189,015 at the end of the previous reported quarter. Meritage Portfolio Management who had been investing in Wns Holdings Limited Adr for a number of months, seems to be less bullish one the $2.56 billion market cap company. It closed at $50.65 lastly. It is down 50.00% since August 12, 2017 and is uptrending. It has outperformed by 37.43% the S&P500.

Meritage Portfolio Management, which manages about $1.31 billion and $1.04B US Long portfolio, upped its stake in Devon Energy Corp (NYSE:DVN) by 44,655 shares to 189,105 shares, valued at $6.01 million in 2018Q1, according to the filing. It also increased its holding in Alphabet Inc Cl C by 376 shares in the quarter, for a total of 589 shares, and has risen its stake in Schwab Us Large (SCHG).

Among 16 analysts covering WNS Holdings Ltd. (NYSE:WNS), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. WNS Holdings Ltd. had 51 analyst reports since August 14, 2015 according to SRatingsIntel. The company was downgraded on Friday, September 4 by Citigroup. Maxim Group maintained WNS (NYSE:Holdings Limited) on Thursday, January 18 with “Buy” rating. The firm earned “Buy” rating on Tuesday, December 15 by Goldman Sachs. The firm has “Buy” rating by Deutsche Bank given on Friday, October 16. The stock of WNS (NYSE:Holdings Limited) earned “Outperform” rating by Barrington Research on Friday, July 21. The firm has “Buy” rating by Cowen & Co given on Thursday, September 28. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, October 16. The company was maintained on Monday, October 30 by JP Morgan. Cantor Fitzgerald initiated WNS (NYSE:Holdings Limited) on Friday, October 16 with “Buy” rating. Maxim Group maintained it with “Buy” rating and $38 target in Thursday, October 15 report.

Point72 Asia Hong Kong Ltd, which manages about $193.97M US Long portfolio, decreased its stake in Dominion Energy Inc (NYSE:D) by 5,051 shares to 1,244 shares, valued at $84,000 in 2018Q1, according to the filing. It also reduced its holding in Waste Mgmt Inc Del (NYSE:WM) by 4,241 shares in the quarter, leaving it with 109 shares, and cut its stake in Becton Dickinson & Co (NYSE:BDX).

Vipshop Holdings Limited (NYSE:VIPS) Ratings Chart

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