Wellington Management Group LLP Decreases Stake in Vipshop Holdings Limited (NYSE:VIPS)

Wellington Management Group LLP trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 248,547 shares of the technology company’s stock after selling 13,414 shares during the quarter. Wellington Management Group LLP’s holdings in Vipshop were worth $4,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd boosted its position in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Vipshop by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,154,041 shares of the technology company’s stock valued at $91,536,000 after purchasing an additional 47,004 shares during the last quarter. LSV Asset Management raised its holdings in Vipshop by 8.6% during the fourth quarter. LSV Asset Management now owns 4,042,022 shares of the technology company’s stock worth $71,786,000 after purchasing an additional 319,522 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Vipshop during the 4th quarter worth approximately $70,333,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of Vipshop stock opened at $13.02 on Friday. The company’s fifty day moving average is $15.69 and its two-hundred day moving average is $16.41. Vipshop Holdings Limited has a 1 year low of $12.96 and a 1 year high of $20.19. The company has a market capitalization of $7.06 billion, a P/E ratio of 6.06 and a beta of 0.39.

Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. As a group, equities analysts expect that Vipshop Holdings Limited will post 2.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIPS shares. HSBC dropped their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. StockNews.com lowered Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Citigroup dropped their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

Vipshop 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.