Comgest Global Investors S.A.S. Has $3.61 Million Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Comgest Global Investors S.A.S. cut its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 80.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,164 shares of the technology company's stock after selling 929,321 shares during the quarter. Comgest Global Investors S.A.S.'s holdings in Vipshop were worth $3,605,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VIPS. First Beijing Investment Ltd purchased a new stake in shares of Vipshop in the third quarter valued at approximately $120,182,000. Krane Funds Advisors LLC boosted its stake in shares of Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock worth $204,901,000 after acquiring an additional 2,659,117 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company's stock worth $45,347,000 after acquiring an additional 2,117,902 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd purchased a new stake in shares of Vipshop during the 1st quarter worth approximately $25,487,000. Finally, Swedbank AB purchased a new stake in shares of Vipshop during the 1st quarter worth approximately $19,185,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Down 0.2 %

VIPS stock traded down $0.03 during trading on Friday, hitting $13.93. The company had a trading volume of 1,951,799 shares, compared to its average volume of 2,581,430. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 1.57 and a beta of 0.34. The business has a 50 day moving average of $14.60 and a 200 day moving average of $14.48. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week 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 the consensus estimate of $0.48 by $3.43. The business had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, equities analysts predict that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price target on the stock. UBS Group lowered 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 note on Wednesday, August 21st. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Tuesday. CLSA lowered Vipshop from an "outperform" rating to a "hold" rating and dropped their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, Morgan Stanley dropped their price objective on Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.64.

About Vipshop

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.