AIA Group Ltd Reduces Position in Vipshop Holdings Limited (NYSE:VIPS)

AIA Group Ltd lessened its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 13.7% in the first quarter, HoldingsChannel.com reports. The firm owned 287,128 shares of the technology company’s stock after selling 45,676 shares during the quarter. AIA Group Ltd’s holdings in Vipshop were worth $4,752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VIPS. FIL Ltd lifted its stake in Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares during the period. KBC Group NV lifted its stake in Vipshop by 55.8% in the fourth quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after acquiring an additional 224,098 shares during the period. Nordea Investment Management AB lifted its stake in Vipshop by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 1,322,433 shares of the technology company’s stock worth $23,592,000 after acquiring an additional 233,438 shares during the period. American Century Companies Inc. lifted its stake in Vipshop by 9.6% in the third quarter. American Century Companies Inc. now owns 996,011 shares of the technology company’s stock worth $15,946,000 after acquiring an additional 87,252 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after acquiring an additional 2,273,198 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Trading Down 0.9 %

VIPS traded down $0.13 during trading on Friday, reaching $14.11. The stock had a trading volume of 2,917,715 shares, compared to its average volume of 4,062,781. The stock’s 50 day moving average is $15.26 and its two-hundred day moving average is $16.19. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 6.56 and a beta of 0.32. Vipshop Holdings Limited has a one year low of $12.94 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. On average, equities research analysts predict that Vipshop Holdings Limited will post 2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. HSBC dropped their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Benchmark lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Finally, Citigroup decreased their price objective on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Two investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

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.