Vipshop Holdings Limited (NYSE:VIPS) Stock Position Cut by Krane Funds Advisors LLC

Krane Funds Advisors LLC trimmed its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,919,329 shares of the technology company's stock after selling 818,052 shares during the quarter. Vipshop accounts for about 8.4% of Krane Funds Advisors LLC's holdings, making the stock its 4th largest position. Krane Funds Advisors LLC owned about 2.75% of Vipshop worth $234,681,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in VIPS. Atomi Financial Group Inc. increased its holdings in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after purchasing an additional 702 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Vipshop by 5.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company's stock valued at $264,000 after acquiring an additional 779 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Vipshop by 0.9% during the first quarter. Diversified Trust Co now owns 99,737 shares of the technology company's stock worth $1,651,000 after purchasing an additional 875 shares in the last quarter. Janiczek Wealth Management LLC increased its position in shares of Vipshop by 6.3% in the first quarter. Janiczek Wealth Management LLC now owns 20,248 shares of the technology company's stock worth $336,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Financial Counselors Inc. raised its stake in Vipshop by 6.6% in the first quarter. Financial Counselors Inc. now owns 20,937 shares of the technology company's stock valued at $347,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Down 0.1 %

Shares of VIPS traded down $0.02 during trading hours on Tuesday, hitting $14.00. The company had a trading volume of 2,853,323 shares, compared to its average volume of 4,054,042. The firm has a market cap of $7.59 billion, a P/E ratio of 6.66, a P/E/G 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. The stock's 50 day moving average price is $14.05 and its 200 day moving average price is $14.70.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $3.43. The business had revenue of $25.08 billion for the quarter, compared to analysts' expectations of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, research analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. 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. Morgan Stanley dropped their price target on 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 lowered Vipshop from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. Five 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.com, Vipshop has a consensus rating of "Hold" and an average target price of $17.42.

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.