Hsbc Holdings PLC Grows Stake in Vipshop Holdings Limited (NYSE:VIPS)

Hsbc Holdings PLC grew its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 155.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,483,943 shares of the technology company's stock after acquiring an additional 2,117,902 shares during the period. Hsbc Holdings PLC owned about 0.64% of Vipshop worth $45,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Vipshop by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company's stock worth $87,771,000 after purchasing an additional 343,739 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vipshop by 1.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,494,517 shares of the technology company's stock valued at $58,519,000 after buying an additional 74,776 shares during the last quarter. Krane Funds Advisors LLC grew its holdings in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock valued at $204,901,000 after buying an additional 2,659,117 shares in the last quarter. American Century Companies Inc. grew its holdings 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 buying an additional 76,322 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Vipshop by 77.3% in the 2nd quarter. Headlands Technologies LLC now owns 57,695 shares of the technology company's stock worth $751,000 after acquiring an additional 25,157 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on VIPS shares. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. Morgan Stanley dropped 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. UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, CLSA lowered Vipshop from an "outperform" rating to a "hold" rating and dropped their price target for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.75.

Vipshop Price Performance

Shares of VIPS traded down $0.22 during midday trading on Friday, hitting $13.14. The stock had a trading volume of 3,592,401 shares, compared to its average volume of 3,954,063. The stock's 50 day moving average is $13.17 and its 200 day moving average is $14.95. The firm has a market cap of $7.13 billion, a PE ratio of 6.12 and a beta of 0.33. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts expect that Vipshop Holdings Limited will post 2 earnings per share for the current fiscal year.

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.