Allspring Global Investments Holdings LLC lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,489,554 shares of the technology company's stock after selling 69,497 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.20% of Vipshop worth $102,081,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Vipshop by 238.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company's stock valued at $1,996,000 after buying an additional 84,976 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Vipshop by 3.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company's stock valued at $25,432,000 after buying an additional 48,300 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Vipshop in the 1st quarter valued at about $1,211,000. Swiss National Bank lifted its stake in shares of Vipshop by 6.9% during the first quarter. Swiss National Bank now owns 807,862 shares of the technology company's stock worth $13,370,000 after buying an additional 52,488 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Vipshop in the 1st quarter valued at $19,185,000. Hedge funds and other institutional investors own 48.82% of the company's stock.
Vipshop Stock Performance
Shares of VIPS traded down $0.28 during mid-day trading on Monday, reaching $14.02. The company had a trading volume of 3,077,945 shares, compared to its average volume of 4,059,957. The firm has a 50-day moving average price of $14.05 and a 200 day moving average price of $14.72. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 1.61 and a beta of 0.34. 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 announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. As a group, research analysts forecast that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price target 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 cut Vipshop from an "outperform" rating to a "hold" rating and reduced their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Citigroup lifted their price target on Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research note on Thursday, September 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop currently has an average rating of "Hold" and an average target price of $17.42.
Read Our Latest Stock Analysis on VIPS
Vipshop Company Profile
(
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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