5 Stocks to Buy As Virus Restrictions Are Lifted in China

2. Vipshop Holdings Limited (NYSE:VIPS)

Number of Hedge Fund Holders: 20 

Increase in Share Price Over Past Month: 29.10%

Vipshop Holdings Limited (NYSE:VIPS) operates as an online discount retailer. On May 19, the firm posted earnings for the first quarter of 2022, reporting earnings per share of $0.33 and a revenue of around $4 billion. The revenue was up more than 11% compared to the revenue over the same period last year. In guidance numbers for the second quarter, the firm said it expected revenue to be around RMB22.2 billion and RMB23.7 billion, representing a year-over-year decrease rate of approximately 20%. 

On March 14, JPMorgan analyst Andre Chang maintained a Neutral rating on Vipshop Holdings Limited (NYSE:VIPS) stock and lowered the price target to $7 from $9, noting that the low valuation of the firm was making the share price more resilient than Chinese peers in the US. 

At the end of the first quarter of 2022, 20 hedge funds in the database of Insider Monkey held stakes worth $389 million in Vipshop Holdings Limited (NYSE: VIPS), compared to 30 in the preceding quarter worth $329 million.