Banque Cantonale Vaudoise Boosts Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Banque Cantonale Vaudoise increased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 68.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,000 shares of the technology company's stock after purchasing an additional 60,000 shares during the quarter. Banque Cantonale Vaudoise's holdings in Vipshop were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock valued at $46,000 after buying an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Vipshop during the 3rd quarter worth approximately $56,000. Employees Retirement System of Texas grew its stake in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock worth $60,000 after acquiring an additional 2,717 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Vipshop in the second quarter valued at $136,000. Finally, Atomi Financial Group Inc. grew its stake in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after buying an additional 702 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They set an "overweight" rating and a $19.00 target price for the company. UBS Group cut Vipshop from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Morgan Stanley reduced their target price on Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 20th. CLSA lowered Vipshop from an "outperform" rating to a "hold" rating and dropped their price target for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.50.

Vipshop Price Performance

Shares of NYSE:VIPS traded up $0.29 on Wednesday, hitting $13.55. The company's stock had a trading volume of 2,628,995 shares, compared to its average volume of 3,919,271. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The company has a 50-day simple moving average of $14.64 and a 200 day simple moving average of $14.42. The company has a market capitalization of $7.35 billion, a PE ratio of 6.42, a PEG ratio of 1.56 and a beta of 0.34.

Vipshop (NYSE:VIPS - Get Free Report) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS 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 return on equity of 22.51% and a net margin of 7.52%. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. On average, equities research analysts expect that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal 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.