Sei Investments Co. Has $30.55 Million Position in Vipshop Holdings Limited (NYSE:VIPS)

Sei Investments Co. lessened its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,845,984 shares of the technology company's stock after selling 142,665 shares during the period. Sei Investments Co. owned 0.32% of Vipshop worth $30,551,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in 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 buying an additional 708 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Vipshop in the fourth quarter valued at about $36,000. Richardson Financial Services Inc. bought a new stake in shares of Vipshop in the fourth quarter valued at about $39,000. Blue Trust Inc. grew its position in Vipshop by 243.5% during the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company's stock worth $56,000 after buying an additional 2,226 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company's stock valued at $66,000 after acquiring an additional 1,462 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Down 3.0 %

Shares of VIPS traded down $0.42 during mid-day trading on Monday, hitting $13.69. 2,510,588 shares of the company traded hands, compared to its average volume of 4,051,198. The business has a 50-day moving average of $15.26 and a 200 day moving average of $16.18. Vipshop Holdings Limited has a one year low of $12.94 and a one year high of $20.19. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 6.42 and a beta of 0.32.

Vipshop (NYSE:VIPS - Get Free Report) last released its earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.87 billion. As a group, analysts anticipate that Vipshop Holdings Limited will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VIPS. Benchmark lowered Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 23rd. StockNews.com lowered shares of Vipshop from a "strong-buy" rating to a "buy" rating in a report on Monday, May 13th. Citigroup reduced their price objective on shares of Vipshop from $25.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 23rd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Vipshop currently has an average rating of "Moderate Buy" and an average price target of $22.67.

Vipshop Company 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.

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