Huntington National Bank Sells 781 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Huntington National Bank decreased its position in Vipshop Holdings Limited (NYSE:VIPS) by 22.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,644 shares of the technology company’s stock after selling 781 shares during the quarter. Huntington National Bank’s holdings in Vipshop were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after acquiring an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Vipshop in the third quarter worth $56,000. Employees Retirement System of Texas boosted its position in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after buying an additional 2,717 shares during the period. National Bank of Canada FI bought a new position in shares of Vipshop during the second quarter valued at about $136,000. Finally, Atomi Financial Group Inc. increased its holdings in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after buying an additional 702 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

VIPS has been the subject of several analyst reports. Citigroup increased their target price on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Morgan Stanley lowered their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Finally, Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Price Performance

NYSE:VIPS opened at $13.26 on Wednesday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The company has a market capitalization of $7.19 billion, a PE ratio of 6.28, a P/E/G ratio of 1.56 and a beta of 0.34. The firm’s 50-day moving average price is $14.63 and its 200-day moving average price is $14.43.

Vipshop (NYSE:VIPS) last announced its 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. The business had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Vipshop Holdings Limited will post 1.97 EPS for the current fiscal year.

About Vipshop

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.