Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. cut its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,330,385 shares of the technology company’s stock after selling 243,818 shares during the period. Vipshop makes up about 3.0% of E Fund Management Co. Ltd.’s holdings, making the stock its 9th largest position. E Fund Management Co. Ltd.’s holdings in Vipshop were worth $38,452,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Natixis purchased a new stake in shares of Vipshop during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC raised its stake in Vipshop by 6,930.3% during the 1st quarter. Global Retirement Partners LLC now owns 2,320 shares of the technology company’s stock worth $35,000 after acquiring an additional 2,287 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Vipshop by 18.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock valued at $65,000 after acquiring an additional 730 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Vipshop in the first quarter valued at $102,000. Finally, HighTower Advisors LLC purchased a new position in shares of Vipshop during the first quarter worth about $108,000. 49.84% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Down 4.9 %

Shares of NYSE VIPS traded down $0.80 during mid-day trading on Tuesday, hitting $15.65. 1,370,639 shares of the company were exchanged, compared to its average volume of 4,253,580. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 9.10 and a beta of 0.52. The stock has a 50 day simple moving average of $15.08 and a 200-day simple moving average of $15.91. Vipshop Holdings Limited has a 1-year low of $9.00 and a 1-year high of $19.13.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, November 14th. The technology company reported $3.33 EPS for the quarter, topping the consensus estimate of $0.40 by $2.93. Vipshop had a net margin of 6.74% and a return on equity of 21.00%. The company had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $34.36 billion. During the same quarter last year, the business earned $0.28 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Analysts anticipate that Vipshop Holdings Limited will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. HSBC increased their price objective on Vipshop from $13.80 to $14.20 and gave the company a “hold” rating in a report on Monday, August 21st. Benchmark reaffirmed a “buy” rating and issued a $19.00 target price on shares of Vipshop in a report on Wednesday, November 15th. Finally, Citigroup upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $20.00 in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vipshop currently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

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