Goldman Sachs Group Inc. Buys 2,273,198 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Goldman Sachs Group Inc. lifted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,394,122 shares of the technology company’s stock after acquiring an additional 2,273,198 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Vipshop were worth $184,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in Vipshop by 56.4% during the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after purchasing an additional 708 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Vipshop by 1.2% in the fourth quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock valued at $1,132,000 after buying an additional 757 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Vipshop by 8.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after acquiring an additional 905 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in Vipshop by 6.4% during the 4th quarter. Vinva Investment Management Ltd now owns 16,007 shares of the technology company’s stock worth $281,000 after acquiring an additional 969 shares during the period. Finally, DGS Capital Management LLC raised its position in shares of Vipshop by 3.5% in the 4th quarter. DGS Capital Management LLC now owns 38,052 shares of the technology company’s stock worth $676,000 after acquiring an additional 1,296 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIPS has been the subject of several recent analyst reports. StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Citigroup reduced their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, HSBC cut their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.60.

Vipshop Price Performance

Shares of NYSE:VIPS traded down $0.44 during trading on Friday, reaching $15.06. 8,516,771 shares of the stock were exchanged, compared to its average volume of 5,521,043. The stock has a fifty day moving average of $16.09 and a two-hundred day moving average of $16.50. Vipshop Holdings Limited has a 1-year low of $13.90 and a 1-year high of $20.19. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 7.00 and a beta of 0.39.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. Sell-side analysts forecast that Vipshop Holdings Limited will post 2.21 EPS for the current year.

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.