PNC Financial Services Group Inc. Sells 1,796 Shares of Vipshop Holdings Limited (NYSE:VIPS)

PNC Financial Services Group Inc. lowered its stake in Vipshop Holdings Limited (NYSE:VIPSFree Report) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,525 shares of the technology company’s stock after selling 1,796 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vipshop were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Vipshop during the 4th quarter valued at about $36,000. Richardson Financial Services Inc. bought a new stake in shares of Vipshop during the 4th quarter valued at about $39,000. Blue Trust Inc. boosted its position in shares of Vipshop by 243.5% during the 4th quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock valued at $56,000 after acquiring an additional 2,226 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Vipshop by 65.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock valued at $66,000 after acquiring an additional 1,462 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

NYSE:VIPS opened at $13.24 on Friday. The business has a 50 day moving average of $15.46 and a 200 day moving average of $16.30. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 6.16 and a beta of 0.32. Vipshop Holdings Limited has a 1-year low of $12.94 and a 1-year high of $20.19.

Vipshop (NYSE:VIPSGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $3.83 billion for 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%. As a group, sell-side analysts anticipate that Vipshop Holdings Limited will post 2.17 EPS for the current year.

Analysts Set New Price Targets

VIPS has been the subject of a number of research analyst reports. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. HSBC dropped their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Citigroup dropped their target price on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Read Our Latest Stock Analysis on Vipshop

Vipshop Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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