Vipshop Holdings Limited (NYSE:VIPS) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Vipshop Holdings Limited (NYSE:VIPS) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 48,963 shares of the technology company’s stock after purchasing an additional 954 shares during the period. Asset Management One Co. Ltd.’s holdings in Vipshop were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in shares of Vipshop by 81.3% in the first quarter. Janney Montgomery Scott LLC now owns 51,726 shares of the technology company’s stock worth $856,000 after purchasing an additional 23,195 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Vipshop by 5.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock valued at $264,000 after purchasing an additional 779 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Vipshop by 107.5% during the first quarter. Quantbot Technologies LP now owns 77,622 shares of the technology company’s stock valued at $1,285,000 after purchasing an additional 40,208 shares in the last quarter. Swiss National Bank raised its stake in shares of Vipshop by 6.9% during the first quarter. Swiss National Bank now owns 807,862 shares of the technology company’s stock valued at $13,370,000 after purchasing an additional 52,488 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Vipshop during the first quarter valued at about $896,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VIPS shares. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Citigroup lifted their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.64.

Vipshop Stock Down 5.5 %

NYSE:VIPS opened at $13.97 on Monday. The stock has a fifty day simple moving average of $14.45 and a 200 day simple moving average of $14.52. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.34. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

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