APG Asset Management N.V. Sells 394,982 Shares of Vipshop Holdings Limited (NYSE:VIPS)

APG Asset Management N.V. trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS) by 70.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,587 shares of the technology company’s stock after selling 394,982 shares during the period. APG Asset Management N.V.’s holdings in Vipshop were worth $2,036,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in Vipshop during the fourth quarter valued at approximately $39,000. Blue Trust Inc. lifted its stake in shares of Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares in the last quarter. National Bank of Canada FI bought a new position in Vipshop in the 2nd quarter worth $136,000. Claro Advisors LLC purchased a new stake in Vipshop in the 1st quarter worth $189,000. Finally, Ballentine Partners LLC bought a new stake in Vipshop during the first quarter valued at about $189,000. 48.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their price objective 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. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. CLSA cut shares of 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 upped their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average target price of $17.42.

Vipshop Stock Performance

Shares of VIPS opened at $15.74 on Tuesday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The company’s fifty day moving average is $13.29 and its 200 day moving average is $14.80. The stock has a market capitalization of $8.54 billion, a PE ratio of 7.32 and a beta of 0.33.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. As a group, research analysts forecast that Vipshop Holdings Limited will post 2 earnings per share for the current year.

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.