Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,423 shares of the technology company’s stock after selling 2,940 shares during the period. Assetmark Inc.’s holdings in Vipshop were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Vipshop by 5.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock worth $264,000 after buying an additional 779 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Vipshop by 18.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 210,499 shares of the technology company’s stock worth $3,484,000 after acquiring an additional 32,177 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after purchasing an additional 248,743 shares in the last quarter. Shell Asset Management Co. raised its stake in Vipshop by 7.0% in the 1st quarter. Shell Asset Management Co. now owns 34,681 shares of the technology company’s stock valued at $574,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Vipshop by 6.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,598,671 shares of the technology company’s stock valued at $43,008,000 after purchasing an additional 167,565 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on VIPS shares. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Citigroup upped their price objective on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Stock Down 0.2 %

Vipshop stock opened at $13.93 on Monday. The company’s 50 day moving average is $14.60 and its two-hundred day moving average is $14.47. The firm has a market cap of $7.56 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.34. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) 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 analyst estimates of $26.61 billion. During the same quarter last year, the company earned $0.51 EPS. Vipshop’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.

Vipshop 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.