Guru Chase Coleman (Trades, Portfolio) added 32,062,328 shares of Vipshop Holdings Ltd. (VIPS, Financial) to his portfolio in the fourth quarter.
Coleman believes Vipshop Holdings has a lot of hidden value. With the addition of more than 32 million shares, Vipshop is currently Coleman's second-biggest holding. Coleman now owns 49.5 million shares of Vipshop.
Vipshop Holdings was incorporated in the Cayman Islands on Aug. 27, 2010. The company through its subsidiaries operates an online platform that offers products to consumers in the People's Republic of China through flash sales on its vip.com website. Flash sales represent a new online retail format combining the advantages of ecommerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time.
Vipshop Holdings has a market cap of $7.11 billion, an enterprise value of $6.79 billion, a P/E ratio of 29.10 and a quick ratio of 0.91.
According to GuruFocus, Vipshop Holdings has a financial strength rating of 8/10 and a profitability and growth rating of 3/10. The company also has one severe warning sign, according to GuruFocus. The Piotroski F-Score is low at 3, which usually implies poor business operation.
Coleman learned many of his investment techniques and philosophies from legendary guru Julian Robertson (Trades, Portfolio). In 2001, Robertson handed Coleman a tremendous opportunity when he gave Coleman $25 million to manage his own fund. In return Robertson would get a stake in the firm that Coleman would later found. On April 13, 2001, Coleman founded Tiger Global Management LLC. The firm currently owns 41 stocks with a total value of $12.44 billion.
Vipshop Holdings is also traded in Germany and Mexico.
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