BI Asset Management Fondsmaeglerselskab A S Sells 154,544 Shares of Vipshop Holdings Limited (NYSE:VIPS)

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 39.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,577 shares of the technology company’s stock after selling 154,544 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vipshop were worth $3,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Royal London Asset Management Ltd. raised its stake in Vipshop by 2.0% during the third quarter. Royal London Asset Management Ltd. now owns 511,600 shares of the technology company’s stock valued at $8,193,000 after buying an additional 10,200 shares during the last quarter. iA Global Asset Management Inc. raised its stake in Vipshop by 16.6% during the third quarter. iA Global Asset Management Inc. now owns 14,935 shares of the technology company’s stock valued at $239,000 after buying an additional 2,124 shares during the last quarter. Carmignac Gestion raised its stake in Vipshop by 32,313.4% during the third quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company’s stock valued at $24,953,000 after buying an additional 1,556,214 shares during the last quarter. American Century Companies Inc. raised its stake in Vipshop by 9.6% during the third quarter. American Century Companies Inc. now owns 996,011 shares of the technology company’s stock valued at $15,946,000 after buying an additional 87,252 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Vipshop by 21.8% in the third quarter. Wellington Management Group LLP now owns 261,961 shares of the technology company’s stock worth $4,194,000 after purchasing an additional 46,856 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Price Performance

Vipshop stock traded up $0.01 during mid-day trading on Wednesday, reaching $13.43. 668,416 shares of the stock traded hands, compared to its average volume of 4,063,934. The stock has a market capitalization of $7.28 billion, a PE ratio of 6.27 and a beta of 0.32. Vipshop Holdings Limited has a 12-month low of $12.94 and a 12-month high of $20.19. The business’s 50-day moving average is $15.37 and its 200-day moving average is $16.25.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. Equities analysts anticipate that Vipshop Holdings Limited will post 2.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VIPS shares. Citigroup decreased their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. HSBC decreased their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Vipshop presently has an average rating of “Moderate Buy” and an average target price of $22.67.

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.