KBC Group NV Lowers Position in Vipshop Holdings Limited (NYSE:VIPS)

KBC Group NV decreased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 60.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 573,943 shares of the technology company’s stock after selling 882,489 shares during the period. KBC Group NV’s holdings in Vipshop were worth $9,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VIPS. Blue Trust Inc. increased its holdings in Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after acquiring an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Vipshop during the third quarter valued at approximately $56,000. Employees Retirement System of Texas boosted its position in shares of Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,717 shares during the period. National Bank of Canada FI bought a new stake in shares of Vipshop during the 2nd quarter valued at $136,000. Finally, Atomi Financial Group Inc. lifted 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 valued at $174,000 after buying an additional 702 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIPS. Citigroup raised their price target on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Finally, CLSA cut Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.64.

Vipshop Stock Performance

NYSE:VIPS opened at $13.93 on Friday. The firm has a market capitalization of $7.56 billion, a PE ratio of 6.60, a PEG ratio of 1.57 and a beta of 0.34. The stock’s fifty day moving average is $14.60 and its 200 day moving average is $14.47. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. The firm had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. Equities analysts forecast that Vipshop Holdings Limited will post 1.97 EPS for the current year.

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.