E Fund Management Co. Ltd. cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,184,211 shares of the technology company's stock after selling 62,118 shares during the quarter. Vipshop makes up approximately 1.6% of E Fund Management Co. Ltd.'s holdings, making the stock its 15th biggest holding. E Fund Management Co. Ltd. owned about 0.40% of Vipshop worth $28,438,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Vipshop by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company's stock valued at $87,771,000 after purchasing an additional 343,739 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Vipshop by 1.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,494,517 shares of the technology company's stock worth $58,519,000 after buying an additional 74,776 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock worth $204,901,000 after buying an additional 2,659,117 shares during the period. American Century Companies Inc. boosted its position in Vipshop by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 1,231,986 shares of the technology company's stock valued at $16,040,000 after acquiring an additional 76,322 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Vipshop by 77.3% in the 2nd quarter. Headlands Technologies LLC now owns 57,695 shares of the technology company's stock valued at $751,000 after acquiring an additional 25,157 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. Benchmark cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 23rd. Morgan Stanley reduced their price objective on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 20th. CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and lowered their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, UBS Group downgraded Vipshop from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Vipshop presently has an average rating of "Hold" and a consensus price target of $17.75.
Read Our Latest Analysis on Vipshop
Vipshop Price Performance
NYSE:VIPS traded down $0.09 during trading hours on Wednesday, hitting $12.84. 1,864,413 shares of the company were exchanged, compared to its average volume of 3,960,727. The company's 50 day moving average price is $13.22 and its 200-day moving average price is $15.01. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 5.95 and a beta of 0.33. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19.
Vipshop (NYSE:VIPS - Get Free Report) last issued 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. The company had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, equities analysts predict that Vipshop Holdings Limited will post 2 earnings per share for the current year.
About Vipshop
(
Free Report)
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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