Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 848,059 shares of the technology company's stock after purchasing an additional 75,590 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Vipshop worth $13,340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VIPS. 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. Signaturefd LLC lifted its position in Vipshop by 5.1% during the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock worth $263,000 after purchasing an additional 817 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Vipshop by 2.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company's stock valued at $770,000 after purchasing an additional 954 shares during the last quarter. National Pension Service boosted its stake in shares of Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company's stock valued at $1,686,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Shell Asset Management Co. boosted its holdings in shares of Vipshop by 7.0% during the 1st quarter. Shell Asset Management Co. now owns 34,681 shares of the technology company's stock valued at $574,000 after acquiring an additional 2,256 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Trading Down 2.2 %

Shares of VIPS stock traded down $0.29 during trading hours on Friday, reaching $13.19. 2,211,175 shares of the company's stock were exchanged, compared to its average volume of 3,912,887. The stock has a market cap of $7.15 billion, a PE ratio of 6.33, a PEG ratio of 1.49 and a beta of 0.34. The stock's fifty day moving average price is $14.65 and its two-hundred day moving average price is $14.42. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to analysts' expectations of $26.61 billion. Vipshop had a return on equity of 21.04% and a net margin of 7.50%. Vipshop's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. On average, equities analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on VIPS shares. Benchmark restated a "hold" rating on shares of Vipshop in a report on Wednesday. StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 target price on the stock. CLSA lowered shares of Vipshop from an "outperform" rating to a "hold" rating and decreased their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, Morgan Stanley cut their target price on Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Vipshop presently has a consensus rating of "Hold" and an average target price of $17.50.

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