DNB Asset Management AS Has $607,000 Stake in Vipshop Holdings Limited (NYSE:VIPS)

DNB Asset Management AS trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 69.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,637 shares of the technology company’s stock after selling 103,724 shares during the quarter. DNB Asset Management AS’s holdings in Vipshop were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Boston Partners lifted its holdings in shares of Vipshop by 65.1% during the 1st quarter. Boston Partners now owns 51,660 shares of the technology company’s stock valued at $855,000 after buying an additional 20,378 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Vipshop by 17.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,352,960 shares of the technology company’s stock worth $22,391,000 after purchasing an additional 203,270 shares during the last quarter. Cetera Advisors LLC acquired a new stake in Vipshop in the 1st quarter worth approximately $232,000. Swedbank AB acquired a new stake in Vipshop in the 1st quarter worth approximately $19,185,000. Finally, California State Teachers Retirement System lifted its holdings in Vipshop by 18.0% in the 1st quarter. California State Teachers Retirement System now owns 178,624 shares of the technology company’s stock worth $2,956,000 after purchasing an additional 27,270 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Up 1.5 %

NYSE:VIPS traded up $0.20 during trading hours on Wednesday, reaching $13.85. The company had a trading volume of 177,826 shares, compared to its average volume of 3,882,474. The stock has a 50-day moving average of $14.33 and a two-hundred day moving average of $15.81. Vipshop Holdings Limited has a one year low of $12.76 and a one year high of $20.19. The firm has a market capitalization of $7.51 billion, a PE ratio of 6.35 and a beta of 0.32.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.87 billion. As a group, sell-side analysts expect that Vipshop Holdings Limited will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

VIPS has been the subject of a number of research analyst reports. Citigroup cut their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. StockNews.com lowered Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Finally, Benchmark lowered Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vipshop presently has an average rating of “Moderate Buy” and an average 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.