Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 38.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,310 shares of the technology company’s stock after selling 7,749 shares during the quarter. Intech Investment Management LLC’s holdings in Vipshop were worth $168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. raised its stake in shares of Vipshop by 5,850.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 297,503 shares of the technology company’s stock valued at $4,094,000 after acquiring an additional 292,503 shares during the period. Aviva PLC grew its holdings in Vipshop by 7.0% during the 4th quarter. Aviva PLC now owns 257,291 shares of the technology company’s stock worth $3,509,000 after acquiring an additional 16,800 shares in the last quarter. Citigroup Inc. grew its position in shares of Vipshop by 67.0% in the 4th quarter. Citigroup Inc. now owns 1,784,454 shares of the technology company’s stock valued at $24,340,000 after buying an additional 716,230 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Vipshop by 12.1% in the 4th quarter. HighTower Advisors LLC now owns 14,904 shares of the technology company’s stock valued at $204,000 after buying an additional 1,604 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in shares of Vipshop in the 4th quarter valued at $49,000. 49.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VIPS. Citigroup lowered their price objective on shares of Vipshop from $17.00 to $15.00 in a research report on Monday, February 27th. Nomura Instinet upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.00 to $17.00 in a research note on Friday, February 24th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research report on Friday, February 24th. Benchmark upgraded shares of Vipshop from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, February 24th. Finally, Daiwa Capital Markets upgraded shares of Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 target price for the company in a report on Wednesday, March 29th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.08.

Vipshop Trading Down 0.3 %

NYSE VIPS opened at $14.83 on Tuesday. The company’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $13.88. Vipshop Holdings Limited has a 52 week low of $6.36 and a 52 week high of $16.35. The stock has a market cap of $10.07 billion, a P/E ratio of 10.23 and a beta of 0.44.

Vipshop (NYSE:VIPS – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. On average, research analysts expect that Vipshop Holdings Limited will post 1.42 EPS for the current fiscal year.

Vipshop Profile

(Get Rating)

Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.