KBC Group NV Sells 882,489 Shares of Vipshop Holdings Limited (NYSE:VIPS)

KBC Group NV trimmed its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 60.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 573,943 shares of the technology company's stock after selling 882,489 shares during the quarter. KBC Group NV owned approximately 0.11% of Vipshop worth $9,028,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Vipshop by 1,904.0% during the second 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 about $56,000. Employees Retirement System of Texas grew its stake in Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after acquiring an additional 2,717 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Vipshop in the 2nd quarter valued at about $136,000. Finally, Atomi Financial Group Inc. lifted its position 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 worth $174,000 after purchasing an additional 702 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VIPS. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. CLSA cut shares of Vipshop from an "outperform" rating to a "hold" rating and lowered their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Citigroup increased their price objective on Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Morgan Stanley lowered 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. Finally, Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price target for the company. Six equities research 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 stock presently has an average rating of "Hold" and an average price target of $17.64.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $13.93 on Friday. The stock has a market capitalization of $7.56 billion, a P/E ratio of 6.60, a P/E/G ratio of 1.56 and a beta of 0.34. The business has a 50-day moving average of $14.60 and a two-hundred day moving average of $14.47. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS - Get Free Report) last announced its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to analysts' expectations of $26.61 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company's revenue was down 4.1% on a year-over-year basis. As a group, research analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

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.