US Bancorp DE Sells 26,441 Shares of Vipshop Holdings Limited (NYSE:VIPS)

US Bancorp DE lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 13.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 170,751 shares of the technology company’s stock after selling 26,441 shares during the period. US Bancorp DE’s holdings in Vipshop were worth $2,686,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Atomi Financial Group Inc. grew its holdings in 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 acquiring an additional 702 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Vipshop by 5.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock worth $264,000 after acquiring an additional 779 shares during the period. Signaturefd LLC grew its holdings in Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after acquiring an additional 817 shares during the period. Financial Counselors Inc. grew its holdings in Vipshop by 6.6% during the 1st quarter. Financial Counselors Inc. now owns 20,937 shares of the technology company’s stock worth $347,000 after acquiring an additional 1,294 shares during the period. Finally, D Orazio & Associates Inc. grew its holdings in Vipshop by 12.9% during the 1st quarter. D Orazio & Associates Inc. now owns 18,632 shares of the technology company’s stock worth $308,000 after acquiring an additional 2,135 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.58 on Wednesday. The company’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $14.55. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The stock has a market capitalization of $7.91 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.34.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts anticipate that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley lowered their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Citigroup boosted their price target on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and decreased their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.