Mount Yale Investment Advisors LLC Reduces Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Mount Yale Investment Advisors LLC reduced its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,791 shares of the technology company’s stock after selling 2,495 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Vipshop were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VIPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted 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 last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Vipshop by 3.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company’s stock worth $25,432,000 after purchasing an additional 48,300 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Vipshop in the first quarter worth about $1,211,000. Swiss National Bank increased its holdings in Vipshop by 6.9% in the first quarter. Swiss National Bank now owns 807,862 shares of the technology company’s stock valued at $13,370,000 after buying an additional 52,488 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Vipshop during the first quarter valued at approximately $19,185,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and cut their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.42.

Vipshop Stock Up 0.3 %

Shares of NYSE:VIPS opened at $14.09 on Monday. The company’s 50-day moving average price is $14.07 and its 200 day moving average price is $14.62. The company has a market cap of $7.64 billion, a PE ratio of 6.55, a P/E/G ratio of 1.57 and a beta of 0.34. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Vipshop Holdings Limited will post 1.97 EPS for the current 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.