Nike (NKE) Shares Declined While Fagan Associates Has Cut Its Position; Vipshop Hldgs LTD (VIPS) Shareholder Keywise Capital Management LTD Has Upped Stake

February 15, 2018 - By Peter Mason

Fang Zheng increased its stake in Vipshop Hldgs Ltd (VIPS) by 920.96% based on its latest 2017Q3 regulatory filing with the SEC. Keywise Capital Management Ltd bought 4.29M shares as the company’s stock rose 10.03% with the market. The hedge fund run by Fang Zheng held 4.76M shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $41.83M, up from 466,100 at the end of the previous reported quarter. Keywise Capital Management Ltd who had been investing in Vipshop Hldgs Ltd for a number of months, seems to be bullish on the $12.45 billion market cap company. The stock increased 8.18% or $1.43 during the last trading session, reaching $18.92. About 16.86M shares traded or 33.78% up from the average. Vipshop Holdings Limited (NYSE:VIPS) has risen 27.19% since February 15, 2017 and is uptrending. It has outperformed by 10.49% the S&P500.

Fagan Associates Inc decreased its stake in Nike Inc (NKE) by 11.57% based on its latest 2017Q3 regulatory filing with the SEC. Fagan Associates Inc sold 10,150 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 77,568 shares of the consumer non-durables company at the end of 2017Q3, valued at $4.02 million, down from 87,718 at the end of the previous reported quarter. Fagan Associates Inc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $110.57B market cap company. The stock increased 3.17% or $2.09 during the last trading session, reaching $67.96. About 8.66M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 15, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Among 20 analysts covering Vipshop Holdings Limited (NYSE:VIPS), 15 have Buy rating, 1 Sell and 4 Hold. Therefore 75% are positive. Vipshop Holdings Limited had 42 analyst reports since August 12, 2015 according to SRatingsIntel. Deutsche Bank downgraded Vipshop Holdings Limited (NYSE:VIPS) rating on Friday, June 30. Deutsche Bank has “Hold” rating and $12.60 target. Credit Agricole downgraded the stock to “Underperform” rating in Monday, November 16 report. The firm earned “Buy” rating on Thursday, November 19 by Brean Capital. KeyBanc Capital Markets maintained the shares of VIPS in report on Monday, November 20 with “Buy” rating. The stock of Vipshop Holdings Limited (NYSE:VIPS) has “Neutral” rating given on Monday, November 16 by Bank of America. As per Monday, August 14, the company rating was maintained by Jefferies. As per Tuesday, February 13, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Nomura with “Buy” on Wednesday, August 17. The rating was upgraded by Macquarie Research on Tuesday, February 13 to “Buy”. Jefferies maintained Vipshop Holdings Limited (NYSE:VIPS) rating on Tuesday, October 3. Jefferies has “Buy” rating and $18.0 target.

Keywise Capital Management Ltd, which manages about $1.77B and $253.02M US Long portfolio, decreased its stake in Ctrip Com Intl Ltd (NASDAQ:CTRP) by 36,600 shares to 64,730 shares, valued at $3.41M in 2017Q3, according to the filing. It also reduced its holding in China Lodging Group Ltd (NASDAQ:HTHT) by 10,300 shares in the quarter, leaving it with 24,600 shares, and cut its stake in Ctrip Com Intl Ltd (Call) (NASDAQ:CTRP).

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It dived, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Sandy Spring Bancshares stated it has 134,731 shares. Moreover, Jefferies Gp Ltd Liability Corporation has 0% invested in NIKE, Inc. (NYSE:NKE) for 14,001 shares. 2.43 million were reported by Jennison Associates Ltd. Moreover, Cornerstone Cap Management Lc has 0.1% invested in NIKE, Inc. (NYSE:NKE). Girard Prtn Limited holds 0.31% or 28,729 shares in its portfolio. Bremer Trust National Association accumulated 23,577 shares or 0.34% of the stock. 25,161 were reported by Nelson Van Denburg And Campbell Wealth Mngmt Grp Lc. California State Teachers Retirement Sys accumulated 2.25M shares or 0.26% of the stock. Commercial Bank Of The West stated it has 39,596 shares or 0.26% of all its holdings. Smith Moore And Co reported 6,597 shares. Veritable Lp has 65,768 shares for 0.07% of their portfolio. Alliancebernstein Limited Partnership holds 0.59% or 15.14 million shares. Pacific Inv Communications holds 0.38% or 32,473 shares. X Mngmt Ltd, New York-based fund reported 19,753 shares. Moreover, Segall Bryant And Hamill Ltd has 0.26% invested in NIKE, Inc. (NYSE:NKE) for 218,133 shares.

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By1 Peter Mason

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