Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC lessened its position in Vipshop Holdings Limited (NYSE:VIPS) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,204,346 shares of the technology company’s stock after selling 1,357,618 shares during the period. Vipshop makes up 9.7% of Krane Funds Advisors LLC’s portfolio, making the stock its 5th biggest position. Krane Funds Advisors LLC owned approximately 2.09% of Vipshop worth $212,355,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its stake in Vipshop by 136.5% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 263,691 shares of the technology company’s stock valued at $2,136,000 after acquiring an additional 152,189 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Vipshop by 13.9% during the first quarter. American Century Companies Inc. now owns 183,326 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 22,392 shares during the period. HighTower Advisors LLC bought a new stake in shares of Vipshop during the first quarter valued at about $108,000. Great West Life Assurance Co. Can lifted its holdings in Vipshop by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 658,785 shares of the technology company’s stock worth $6,197,000 after purchasing an additional 21,100 shares during the period. Finally, Yousif Capital Management LLC bought a new position in Vipshop in the 1st quarter valued at about $146,000. 49.84% of the stock is currently owned by institutional investors.

Vipshop Stock Down 0.4 %

Shares of Vipshop stock opened at $14.92 on Friday. Vipshop Holdings Limited has a 12 month low of $6.36 and a 12 month high of $19.13. The business has a fifty day simple moving average of $16.62 and a 200-day simple moving average of $15.81. The stock has a market cap of $8.74 billion, a PE ratio of 7.89 and a beta of 0.60.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Friday, August 18th. The technology company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.23 by $1.07. Vipshop had a net margin of 7.23% and a return on equity of 20.96%. The business had revenue of $26.16 billion during the quarter, compared to analysts’ expectations of $27.86 billion. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts expect that Vipshop Holdings Limited will post 1.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com began coverage on shares of Vipshop in a research note on Thursday, August 17th. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their price target on Vipshop from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. Bank of America boosted their price objective on Vipshop from $15.20 to $17.80 in a research note on Tuesday, May 23rd. HSBC raised their target price on Vipshop from $13.80 to $14.20 and gave the company a “hold” rating in a research note on Monday, August 21st. Finally, UBS Group boosted their price target on shares of Vipshop from $18.50 to $20.00 in a research report on Friday, June 30th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vipshop currently has an average rating of “Moderate Buy” and an average price target of $16.02.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.