abrdn plc Grows Position in Vipshop Holdings Limited (NYSE:VIPS)

abrdn plc boosted its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 17.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 692,936 shares of the technology company's stock after purchasing an additional 102,140 shares during the period. abrdn plc owned approximately 0.13% of Vipshop worth $10,914,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Ariose Capital Management Ltd bought a new stake in Vipshop in the third quarter worth $8,189,000. Signaturefd LLC increased its position in shares of Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock valued at $263,000 after acquiring an additional 817 shares during the period. Blue Trust Inc. increased its position in shares of Vipshop by 140.6% in the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock valued at $133,000 after acquiring an additional 4,958 shares during the period. Marathon Asset Management Ltd increased its position in shares of Vipshop by 14.9% in the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company's stock valued at $69,069,000 after acquiring an additional 570,869 shares during the period. Finally, Creative Planning increased its position in shares of Vipshop by 16.9% in the third quarter. Creative Planning now owns 107,026 shares of the technology company's stock valued at $1,684,000 after acquiring an additional 15,477 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 1.7 %

VIPS stock traded down $0.25 on Friday, hitting $14.19. The company had a trading volume of 2,029,050 shares, compared to its average volume of 2,812,517. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The stock's 50-day simple moving average is $14.24 and its 200 day simple moving average is $14.57. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 1.62 and a beta of 0.34.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.52% and a return on equity of 22.51%. The company's revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. Research analysts forecast that Vipshop Holdings Limited will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VIPS shares. UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. CLSA cut shares of Vipshop from an "outperform" rating to a "hold" rating and reduced their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Citigroup boosted their price target on shares of Vipshop from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Morgan Stanley reduced 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 report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Vipshop currently has a consensus rating of "Hold" and an average price target of $17.42.

Vipshop 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.