Schroder Investment Management Group Sells 2,952,946 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Schroder Investment Management Group lessened its stake in Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,927,591 shares of the technology company’s stock after selling 2,952,946 shares during the period. Schroder Investment Management Group owned about 0.58% of Vipshop worth $53,572,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VIPS. California Public Employees Retirement System lifted its stake in shares of Vipshop by 16.9% in the 3rd quarter. California Public Employees Retirement System now owns 906,579 shares of the technology company’s stock valued at $7,624,000 after purchasing an additional 131,156 shares during the period. LSV Asset Management lifted its stake in shares of Vipshop by 36.9% in the 3rd quarter. LSV Asset Management now owns 2,095,800 shares of the technology company’s stock valued at $17,626,000 after purchasing an additional 565,400 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Vipshop by 3.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,434,107 shares of the technology company’s stock worth $45,701,000 after buying an additional 182,290 shares during the period. Bleakley Financial Group LLC acquired a new position in Vipshop during the 4th quarter worth approximately $340,000. Finally, New York State Common Retirement Fund raised its stake in Vipshop by 3,100.6% during the 3rd quarter. New York State Common Retirement Fund now owns 81,135 shares of the technology company’s stock worth $682,000 after buying an additional 78,600 shares during the period. Institutional investors own 49.81% of the company’s stock.

Vipshop Trading Down 0.5 %

Shares of VIPS stock traded down $0.08 during midday trading on Friday, reaching $14.91. 833,381 shares of the stock were exchanged, compared to its average volume of 5,087,505. The firm has a market cap of $10.12 billion, a PE ratio of 9.03 and a beta of 0.44. Vipshop Holdings Limited has a 1 year low of $6.36 and a 1 year high of $16.35. The company’s 50 day moving average is $15.07 and its two-hundred day moving average is $13.93.

Vipshop (NYSE:VIPS – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Vipshop had a net margin of 6.68% and a return on equity of 18.69%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.52 billion. As a group, equities analysts expect that Vipshop Holdings Limited will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on VIPS shares. UBS Group boosted their price objective on Vipshop from $18.00 to $18.50 in a report on Wednesday. Bank of America upped their target price on Vipshop from $15.20 to $17.80 in a report on Tuesday. Nomura raised Vipshop from a “neutral” rating to a “buy” rating in a report on Friday, February 24th. Citigroup reduced their target price on Vipshop from $17.00 to $15.00 in a report on Monday, February 27th. Finally, Daiwa Capital Markets raised Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 price objective for the company in a report on Wednesday, March 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Vipshop presently has an average rating of “Moderate Buy” and a consensus price target of $15.35.

Vipshop Profile

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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.