Fifth Third Bancorp Sells 1,567 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Fifth Third Bancorp lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,622 shares of the technology company’s stock after selling 1,567 shares during the quarter. Fifth Third Bancorp’s holdings in Vipshop were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Summit Global Investments raised its stake in Vipshop by 92.3% in the second quarter. Summit Global Investments now owns 107,775 shares of the technology company’s stock valued at $1,403,000 after buying an additional 51,722 shares during the last quarter. Maple Brown Abbott Ltd raised its stake in Vipshop by 151.8% in the second quarter. Maple Brown Abbott Ltd now owns 73,799 shares of the technology company’s stock valued at $961,000 after buying an additional 44,485 shares during the last quarter. Blue Trust Inc. raised its stake in Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Vipshop by 13.8% in the second quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock worth $293,000 after purchasing an additional 2,729 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Vipshop by 2.9% in the second quarter. Diversified Trust Co now owns 102,607 shares of the technology company’s stock worth $1,336,000 after purchasing an additional 2,870 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several research analyst reports. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Citigroup reduced their price objective on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Finally, UBS Group cut 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.75.

Vipshop Stock Performance

Shares of VIPS opened at $12.70 on Friday. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 5.90 and a beta of 0.32. The stock has a 50 day moving average price of $13.64 and a 200 day moving average price of $15.59.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, analysts predict that Vipshop Holdings Limited will post 2.16 earnings per share for the current year.

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.