Advisors Asset Management Inc. Decreases Position in Vipshop Holdings Limited (NYSE:VIPS)

Advisors Asset Management Inc. decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPSGet Rating) by 11.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 26,304 shares of the technology company’s stock after selling 3,560 shares during the quarter. Advisors Asset Management Inc.’s holdings in Vipshop were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its stake in Vipshop by 8.6% during the second quarter. Vontobel Holding Ltd. now owns 15,566 shares of the technology company’s stock worth $154,000 after purchasing an additional 1,232 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Vipshop by 0.7% during the first quarter. Fisher Asset Management LLC now owns 194,517 shares of the technology company’s stock worth $1,751,000 after purchasing an additional 1,424 shares during the last quarter. Toroso Investments LLC increased its position in Vipshop by 2.9% during the first quarter. Toroso Investments LLC now owns 66,838 shares of the technology company’s stock worth $602,000 after buying an additional 1,890 shares during the period. DGS Capital Management LLC increased its position in Vipshop by 6.0% during the second quarter. DGS Capital Management LLC now owns 44,901 shares of the technology company’s stock worth $444,000 after buying an additional 2,528 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Vipshop by 3.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 82,993 shares of the technology company’s stock worth $747,000 after buying an additional 2,708 shares during the period. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Vipshop Trading Down 0.5 %

NYSE:VIPS opened at $9.36 on Monday. The firm has a market cap of $6.36 billion, a P/E ratio of 9.36 and a beta of 0.45. The stock’s 50 day simple moving average is $8.49 and its 200-day simple moving average is $9.31. Vipshop Holdings Limited has a 12-month low of $5.75 and a 12-month high of $11.97.

Vipshop (NYSE:VIPSGet Rating) last released its earnings results on Friday, August 19th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $24.54 billion for the quarter, compared to analyst estimates of $23.02 billion. Vipshop had a return on equity of 15.09% and a net margin of 4.05%. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Research analysts forecast that Vipshop Holdings Limited will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

VIPS has been the topic of several research analyst reports. Credit Suisse Group raised Vipshop from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $10.30 to $12.00 in a research report on Monday, August 22nd. Morgan Stanley cut their price target on Vipshop from $10.00 to $8.50 in a research report on Monday, October 31st. Daiwa Capital Markets cut their price target on Vipshop from $10.00 to $8.80 in a research report on Thursday, September 29th. HSBC cut their price target on Vipshop from $10.10 to $9.60 and set a “hold” rating on the stock in a research report on Thursday, September 29th. Finally, Citigroup cut their price target on Vipshop from $10.90 to $10.00 in a research report on Thursday, October 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Vipshop has a consensus rating of “Hold” and an average target price of $9.41.

Vipshop Profile

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Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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