Ritholtz Wealth Management Has $1.59 Million Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Ritholtz Wealth Management decreased its position in Vipshop Holdings Limited (NYSE:VIPS) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 122,443 shares of the technology company’s stock after selling 5,030 shares during the period. Ritholtz Wealth Management’s holdings in Vipshop were worth $1,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Vipshop by 27.6% during the second quarter. Van ECK Associates Corp now owns 41,805 shares of the technology company’s stock worth $544,000 after acquiring an additional 9,034 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Vipshop by 19.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,698 shares of the technology company’s stock valued at $204,000 after purchasing an additional 2,528 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Vipshop by 7.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 129,339 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 8,757 shares during the period. Panagora Asset Management Inc. increased its stake in Vipshop by 79.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 380,603 shares of the technology company’s stock worth $4,955,000 after purchasing an additional 168,826 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vipshop by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 626,048 shares of the technology company’s stock worth $8,151,000 after buying an additional 36,377 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VIPS shares. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Citigroup reduced their price objective 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, StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and an average target price of $17.75.

Vipshop Stock Performance

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

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

Vipshop Company Profile

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.