Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC cut its stake in Vipshop Holdings Limited (NYSE:VIPS) by 98.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,681 shares of the technology company’s stock after selling 15,502,700 shares during the quarter. Vipshop makes up 3.1% of Krane Funds Advisors LLC’s portfolio, making the stock its 7th biggest holding. Krane Funds Advisors LLC’s holdings in Vipshop were worth $3,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atomi Financial Group Inc. increased its stake in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position 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 period. Diversified Trust Co increased its position in Vipshop by 0.9% in the 1st quarter. Diversified Trust Co now owns 99,737 shares of the technology company’s stock worth $1,651,000 after buying an additional 875 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Vipshop by 6.3% during the first quarter. Janiczek Wealth Management LLC now owns 20,248 shares of the technology company’s stock worth $336,000 after buying an additional 1,193 shares during the last quarter. Finally, Financial Counselors Inc. boosted its position in shares of Vipshop by 6.6% in the first quarter. Financial Counselors Inc. now owns 20,937 shares of the technology company’s stock valued at $347,000 after acquiring an additional 1,294 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Down 4.7 %

VIPS stock opened at $14.44 on Friday. The firm has a market cap of $7.83 billion, a P/E ratio of 6.72 and a beta of 0.34. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The business’s 50 day moving average is $14.04 and its 200-day moving average is $14.78.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $26.61 billion. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. Sell-side analysts forecast that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on VIPS. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Citigroup boosted their price target on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Morgan Stanley reduced their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Finally, CLSA cut Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Five investment 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 company currently has an average rating of “Hold” and a consensus price target of $17.42.

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.