Advisors Asset Management Inc. cut its position in shares of Vipshop Holdings Ltd. (NYSE:VIPS) by 5.9% during the second quarter, Holdings Channel reports. The firm owned 16,479 shares of the company’s stock after selling 1,038 shares during the period. Advisors Asset Management Inc.’s holdings in Vipshop Holdings were worth $184,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Vipshop Holdings by 0.3% in the first quarter. BlackRock Inc. now owns 196,757 shares of the company’s stock worth $2,535,000 after buying an additional 592 shares during the period. Newgate Capital Management LLC boosted its position in shares of Vipshop Holdings by 5.0% in the second quarter. Newgate Capital Management LLC now owns 34,304 shares of the company’s stock worth $383,000 after buying an additional 1,626 shares during the period. Quantitative Investment Management LLC boosted its position in shares of Vipshop Holdings by 5.0% in the second quarter. Quantitative Investment Management LLC now owns 97,200 shares of the company’s stock worth $1,085,000 after buying an additional 4,600 shares during the period. Quadrature Capital Ltd boosted its position in shares of Vipshop Holdings by 9.9% in the first quarter. Quadrature Capital Ltd now owns 61,824 shares of the company’s stock worth $796,000 after buying an additional 5,584 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Vipshop Holdings by 2.3% in the first quarter. Legal & General Group Plc now owns 342,800 shares of the company’s stock worth $4,416,000 after buying an additional 7,600 shares during the period. 74.49% of the stock is currently owned by institutional investors and hedge funds.
Vipshop Holdings Ltd. (NYSE:VIPS) traded up 0.722% during mid-day trading on Wednesday, reaching $16.035. 4,924,354 shares of the company traded hands. Vipshop Holdings Ltd. has a 52-week low of $10.21 and a 52-week high of $22.31. The stock has a market capitalization of $9.30 billion, a PE ratio of 36.526 and a beta of 1.78. The firm’s 50-day moving average is $14.64 and its 200 day moving average is $13.15.
Vipshop Holdings (NYSE:VIPS) last released its quarterly earnings data on Monday, August 15th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm earned $2.02 billion during the quarter, compared to the consensus estimate of $1.89 billion. Vipshop Holdings had a net margin of 3.63% and a return on equity of 51.84%. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts expect that Vipshop Holdings Ltd. will post $0.69 earnings per share for the current year.
A number of research analysts recently weighed in on VIPS shares. Zacks Investment Research cut shares of Vipshop Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. TheStreet upgraded shares of Vipshop Holdings to a “buy” rating in a report on Friday, August 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $16.00 price objective on shares of Vipshop Holdings in a report on Wednesday, August 31st. Jefferies Group restated a “buy” rating and issued a $16.00 price objective on shares of Vipshop Holdings in a report on Tuesday, August 16th. Finally, Deutsche Bank AG cut shares of Vipshop Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the company from $16.60 to $16.90 in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.51.
Vipshop Holdings Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Ltd. (NYSE:VIPS).
Receive News & Ratings for Vipshop Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.