E Fund Management Hong Kong Co. Ltd. cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 282,831 shares of the technology company’s stock after selling 11,074 shares during the period. Vipshop accounts for approximately 3.3% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 9th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Vipshop were worth $3,858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in Vipshop by 13.9% in the first quarter. American Century Companies Inc. now owns 183,326 shares of the technology company’s stock valued at $1,650,000 after buying an additional 22,392 shares during the period. HighTower Advisors LLC purchased a new position in shares of Vipshop in the 1st quarter valued at $108,000. Great West Life Assurance Co. Can lifted its holdings in shares of Vipshop by 3.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 658,785 shares of the technology company’s stock valued at $6,197,000 after acquiring an additional 21,100 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Vipshop during the 1st quarter worth $146,000. Finally, Dimensional Fund Advisors LP increased its holdings in Vipshop by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock valued at $98,379,000 after purchasing an additional 1,069,930 shares in the last quarter. 49.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Daiwa Capital Markets upgraded Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 price objective on the stock in a research note on Wednesday, March 29th. StockNews.com began coverage on shares of Vipshop in a research report on Thursday, March 16th. They issued a “buy” rating for the company. Benchmark raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, February 24th. UBS Group upped their target price on shares of Vipshop from $17.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Finally, Citigroup dropped their price target on shares of Vipshop from $17.00 to $15.00 in a research note on Monday, February 27th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.08.

Vipshop Trading Down 0.6 %

VIPS stock traded down $0.09 during mid-day trading on Friday, hitting $15.00. 616,759 shares of the company were exchanged, compared to its average volume of 4,943,785. The firm has a fifty day simple moving average of $14.69 and a 200 day simple moving average of $12.44. The company has a market capitalization of $10.18 billion, a PE ratio of 10.41 and a beta of 0.44. Vipshop Holdings Limited has a twelve month low of $6.36 and a twelve month high of $16.18.

Vipshop (NYSE:VIPS – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Vipshop had a return on equity of 16.75% and a net margin of 6.05%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.52 billion. As a group, sell-side analysts anticipate that Vipshop Holdings Limited will post 1.42 earnings per share for the current year.

Vipshop Company Profile

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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.

See Also

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