BNP Paribas Financial Markets Purchases 841,939 Shares of Vipshop Holdings Limited (NYSE:VIPS)

BNP Paribas Financial Markets raised its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 61.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,203,113 shares of the technology company's stock after buying an additional 841,939 shares during the period. BNP Paribas Financial Markets owned 0.38% of Vipshop worth $36,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in Vipshop by 6.2% in the 3rd quarter. Sei Investments Co. now owns 2,017,050 shares of the technology company's stock valued at $32,293,000 after purchasing an additional 118,596 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of Vipshop by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 511,600 shares of the technology company's stock valued at $8,193,000 after buying an additional 10,200 shares during the period. iA Global Asset Management Inc. grew its position in Vipshop by 16.6% during the third quarter. iA Global Asset Management Inc. now owns 14,935 shares of the technology company's stock worth $239,000 after buying an additional 2,124 shares in the last quarter. Carmignac Gestion increased its stake in Vipshop by 32,313.4% during 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 period. Finally, American Century Companies Inc. lifted its position in shares of Vipshop by 9.6% in the 3rd quarter. American Century Companies Inc. now owns 996,011 shares of the technology company's stock worth $15,946,000 after acquiring an additional 87,252 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIPS shares. Citigroup cut their target price on Vipshop from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 23rd. HSBC lowered their target price on shares of Vipshop from $22.90 to $19.00 and set a "hold" rating on the stock in a research note on Thursday, March 28th. StockNews.com cut shares of Vipshop from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 13th. Finally, Benchmark downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.67.

Vipshop Stock Down 3.5 %

NYSE VIPS traded down $0.48 on Friday, reaching $13.24. The company had a trading volume of 4,117,348 shares, compared to its average volume of 4,502,826. Vipshop Holdings Limited has a 52 week low of $12.94 and a 52 week high of $20.19. The stock's 50 day moving average is $15.46 and its 200-day moving average is $16.30. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 6.16 and a beta of 0.32.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.87 billion. As a group, analysts forecast that Vipshop Holdings Limited will post 2.17 EPS for the current 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.