Sumitomo Mitsui DS Asset Management Company Ltd Grows Stake in Vipshop Holdings Limited (NYSE:VIPS)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 19.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,698 shares of the technology company’s stock after acquiring an additional 2,528 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Vipshop were worth $204,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. FIL Ltd boosted its stake in Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after purchasing an additional 2,593,670 shares during the last quarter. KBC Group NV increased its holdings in Vipshop by 55.8% in the 4th quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after buying an additional 224,098 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after buying an additional 2,273,198 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Vipshop by 238.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock valued at $1,996,000 after acquiring an additional 84,976 shares during the period. Finally, Franchise Capital Ltd purchased a new stake in shares of Vipshop during the 4th quarter valued at about $4,669,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 0.1 %

NYSE VIPS opened at $12.54 on Tuesday. The stock’s 50-day moving average price is $13.38 and its 200-day moving average price is $15.38. The company has a market capitalization of $6.80 billion, a P/E ratio of 5.83 and a beta of 0.32. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. The business had revenue of $25.08 billion for 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 revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Research analysts anticipate that Vipshop Holdings Limited will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VIPS. Benchmark cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Monday. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Citigroup lowered their target price on Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, Morgan Stanley cut their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $17.75.

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.