FIL Ltd Increases Position in Vipshop Holdings Limited (NYSE:VIPS)

FIL Ltd boosted its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,911,703 shares of the technology company's stock after purchasing an additional 2,593,670 shares during the quarter. FIL Ltd owned approximately 1.86% of Vipshop worth $193,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its holdings in shares of Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company's stock valued at $35,000 after acquiring an additional 708 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Vipshop by 1.2% in the 4th quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company's stock valued at $1,132,000 after acquiring an additional 757 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Vipshop by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company's stock valued at $183,000 after acquiring an additional 905 shares in the last quarter. Vinva Investment Management Ltd raised its holdings in shares of Vipshop by 6.4% in the 4th quarter. Vinva Investment Management Ltd now owns 16,007 shares of the technology company's stock valued at $281,000 after acquiring an additional 969 shares in the last quarter. Finally, DGS Capital Management LLC raised its holdings in shares of Vipshop by 3.5% in the 4th quarter. DGS Capital Management LLC now owns 38,052 shares of the technology company's stock valued at $676,000 after acquiring an additional 1,296 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Vipshop stock traded down $0.44 during trading hours on Friday, reaching $15.06. The company had a trading volume of 8,516,771 shares, compared to its average volume of 5,521,043. The company has a 50-day moving average price of $16.09 and a 200 day moving average price of $16.50. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 7.00 and a beta of 0.39. Vipshop Holdings Limited has a 12-month low of $13.90 and a 12-month high of $20.19.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.87 billion. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. As a group, research analysts expect that Vipshop Holdings Limited will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VIPS shares. StockNews.com cut Vipshop from a "strong-buy" rating to a "buy" rating in a report on Monday, May 13th. HSBC decreased their price objective on Vipshop from $22.90 to $19.00 and set a "hold" rating on the stock in a report on Thursday, March 28th. Citigroup decreased their price objective on Vipshop from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 23rd. Finally, Benchmark cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

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.