Vipshop Holdings Limited (NYSE:VIPS) Position Lessened by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lowered its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 19.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,334 shares of the technology company's stock after selling 65,776 shares during the period. Vipshop makes up about 2.6% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 9th biggest position. E Fund Management Hong Kong Co. Ltd. owned approximately 0.05% of Vipshop worth $4,315,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock worth $46,000 after acquiring an additional 3,351 shares during the last quarter. Employees Retirement System of Texas raised its position in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock worth $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI purchased a new stake in Vipshop in the 2nd quarter valued at approximately $136,000. Atomi Financial Group Inc. grew its holdings in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after buying an additional 702 shares during the last quarter. Finally, Claro Advisors LLC purchased a new position in Vipshop during the first quarter worth $189,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on VIPS. CLSA downgraded Vipshop from an "outperform" rating to a "hold" rating and reduced their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Morgan Stanley decreased their price target on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 20th. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. Citigroup raised their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Five 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, the company has a consensus rating of "Hold" and a consensus price target of $17.42.

Vipshop Price Performance

VIPS stock traded up $0.20 during midday trading on Thursday, hitting $14.44. The stock had a trading volume of 2,760,996 shares, compared to its average volume of 3,987,083. The firm has a market cap of $7.83 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 1.58 and a beta of 0.34. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The company's 50-day moving average price is $14.18 and its 200 day moving average price is $14.59.

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, beating 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 company had revenue of $25.08 billion during the quarter, compared to analysts' expectations of $26.61 billion. During the same period in the previous year, the company earned $0.51 EPS. The business's quarterly revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vipshop Holdings Limited will post 1.97 EPS for the current 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.