Goldman Sachs Group Inc. Purchases 2,273,198 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Goldman Sachs Group Inc. boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,394,122 shares of the technology company's stock after buying an additional 2,273,198 shares during the period. Goldman Sachs Group Inc. owned 1.77% of Vipshop worth $184,600,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Vipshop during the 4th quarter worth approximately $70,333,000. FIL Ltd boosted its holdings 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 purchasing an additional 2,593,670 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in Vipshop in the fourth quarter valued at approximately $35,498,000. Krane Funds Advisors LLC lifted its holdings in Vipshop by 14.2% in the third quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company's stock valued at $209,128,000 after acquiring an additional 1,622,703 shares during the last quarter. Finally, Carmignac Gestion lifted its holdings in Vipshop by 32,313.4% in the third quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company's stock valued at $24,953,000 after acquiring an additional 1,556,214 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Down 2.8 %

NYSE VIPS traded down $0.44 on Friday, reaching $15.06. The stock had a trading volume of 8,516,771 shares, compared to its average volume of 5,521,043. The firm has a market capitalization 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. The stock has a fifty day moving average price of $16.09 and a two-hundred day moving average price of $16.50.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. 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. Benchmark lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 23rd. Finally, StockNews.com lowered Vipshop from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Vipshop 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.