Rhumbline Advisers Lowers Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Rhumbline Advisers lowered its position in Vipshop Holdings Limited (NYSE:VIPS) by 18.1% in the second quarter, Holdings Channel reports. The fund owned 114,997 shares of the technology company’s stock after selling 25,435 shares during the period. Rhumbline Advisers’ holdings in Vipshop were worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VIPS. FIL Ltd lifted its position in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after buying an additional 2,593,670 shares during the last quarter. KBC Group NV lifted its position in shares of Vipshop by 55.8% during the 4th quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after buying an additional 224,098 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Vipshop by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after buying an additional 2,273,198 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Vipshop by 238.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after buying an additional 84,976 shares during the last quarter. Finally, Franchise Capital Ltd purchased a new stake in shares of Vipshop during the 4th quarter worth approximately $4,669,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.14 on Friday. The firm’s fifty day simple moving average is $13.17 and its 200-day simple moving average is $14.93. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 6.11 and a beta of 0.33. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. Vipshop’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Analysts anticipate that Vipshop Holdings Limited will post 2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on VIPS shares. UBS Group downgraded shares of 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 report on Wednesday, August 21st. CLSA downgraded shares of 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 report on Wednesday, August 21st. Morgan Stanley cut their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.75.

About Vipshop

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.