Advisors Asset Management Inc. Decreases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Advisors Asset Management Inc. decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPSGet Rating) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,304 shares of the technology company’s stock after selling 3,560 shares during the period. Advisors Asset Management Inc.’s holdings in Vipshop were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Employees Retirement System of Texas acquired a new position in Vipshop in the 2nd quarter valued at $43,000. Leo Brokerage LLC acquired a new position in Vipshop in the 1st quarter valued at $91,000. Quadrant Capital Group LLC raised its stake in Vipshop by 59.6% in the 1st quarter. Quadrant Capital Group LLC now owns 10,758 shares of the technology company’s stock valued at $97,000 after purchasing an additional 4,018 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Vipshop in the 1st quarter valued at $102,000. Finally, Ground Swell Capital LLC acquired a new position in Vipshop in the 1st quarter valued at $105,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Vipshop Trading Down 0.5 %

Shares of NYSE:VIPS opened at $9.36 on Monday. The business has a 50-day moving average price of $8.49 and a 200 day moving average price of $9.31. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 9.36 and a beta of 0.45. Vipshop Holdings Limited has a 12-month low of $5.75 and a 12-month high of $11.97.

Vipshop (NYSE:VIPSGet Rating) last issued its quarterly earnings data on Friday, August 19th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $24.54 billion during the quarter, compared to the consensus estimate of $23.02 billion. Vipshop had a return on equity of 15.09% and a net margin of 4.05%. The company’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. As a group, equities research analysts predict that Vipshop Holdings Limited will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIPS has been the subject of several recent research reports. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Credit Suisse Group raised Vipshop from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $10.30 to $12.00 in a research note on Monday, August 22nd. Morgan Stanley cut their target price on Vipshop from $10.00 to $8.50 in a research note on Monday, October 31st. Citigroup cut their target price on Vipshop from $10.90 to $10.00 in a research note on Thursday, October 6th. Finally, HSBC cut their target price on Vipshop from $10.10 to $9.60 and set a “hold” rating for the company in a research note on Thursday, September 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Vipshop has an average rating of “Hold” and a consensus target price of $9.41.

Vipshop Profile

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Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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