Vipshop Holdings Limited (NYSE:VIPS) Stock Position Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 6,489,554 shares of the technology company’s stock after selling 69,497 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vipshop were worth $102,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of VIPS. Vanguard Group Inc. boosted its stake in Vipshop by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 13,513,926 shares of the technology company’s stock valued at $240,007,000 after purchasing an additional 1,154,149 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Vipshop during the fourth quarter worth about $459,000. Park Avenue Securities LLC raised its position in Vipshop by 14.6% in the first quarter. Park Avenue Securities LLC now owns 62,622 shares of the technology company’s stock worth $1,036,000 after acquiring an additional 7,959 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Vipshop in the 1st quarter valued at about $189,000. Finally, Atlas Capital Advisors LLC boosted its position in shares of Vipshop by 20.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 34,206 shares of the technology company’s stock valued at $566,000 after purchasing an additional 5,764 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Down 1.0 %

Shares of NYSE:VIPS opened at $14.30 on Monday. The company has a market cap of $7.76 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.34. The company’s fifty day moving average is $14.05 and its two-hundred day moving average is $14.74. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Vipshop Holdings Limited will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on VIPS. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and decreased their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, Citigroup upped their target price on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.42.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.