Vontobel Holding Ltd. lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 9.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,150 shares of the technology company's stock after selling 1,416 shares during the period. Vontobel Holding Ltd.'s holdings in Vipshop were worth $119,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Sargent Bickham Lagudis LLC acquired a new position in Vipshop in the 3rd quarter valued at approximately $34,000. Employees Retirement System of Texas acquired a new position in Vipshop in the 2nd quarter valued at approximately $43,000. Wipfli Financial Advisors LLC acquired a new position in Vipshop in the 3rd quarter valued at approximately $51,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Vipshop in the 3rd quarter valued at approximately $90,000. Finally, West Family Investments Inc. acquired a new position in Vipshop in the 3rd quarter valued at approximately $90,000. Institutional investors and hedge funds own 49.81% of the company's stock.
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Analysts Set New Price Targets
Several equities analysts have commented on the company. Morgan Stanley cut their price target on Vipshop from $10.00 to $8.50 in a report on Monday, October 31st. The Goldman Sachs Group increased their target price on Vipshop from $10.10 to $11.40 and gave the stock a "neutral" rating in a report on Wednesday, November 23rd. JPMorgan Chase & Co. increased their target price on Vipshop from $10.00 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, January 11th. Finally, StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a report on Wednesday, November 23rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $11.04.
Vipshop Price Performance
NYSE VIPS opened at $15.21 on Friday. The firm has a market cap of $10.33 billion, a PE ratio of 12.27 and a beta of 0.43. Vipshop Holdings Limited has a one year low of $5.75 and a one year high of $16.18. The stock's 50 day simple moving average is $13.99 and its 200 day simple moving average is $10.88.
Vipshop (NYSE:VIPS – Get Rating) last released its quarterly earnings results on Tuesday, November 22nd. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.25 billion. Vipshop had a return on equity of 16.41% and a net margin of 5.13%. As a group, equities analysts expect that Vipshop Holdings Limited will post 1.2 earnings per share for the current year.
About Vipshop
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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.
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