Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 842,863 shares of the technology company’s stock after buying an additional 14,428 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Vipshop were worth $13,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VIPS. Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 6.8% in 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. lifted its stake in shares of 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 purchasing an additional 779 shares during the period. Signaturefd LLC increased its holdings in shares of 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 buying an additional 817 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after buying an additional 954 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of Vipshop by 2.0% during the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company’s stock worth $1,686,000 after buying an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Barclays started coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Finally, CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and cut their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.64.

Vipshop Stock Performance

Vipshop stock opened at $13.93 on Monday. The company has a 50 day moving average price of $14.60 and a 200 day moving average price of $14.47. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 6.60, a P/E/G ratio of 1.56 and a beta of 0.34.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $3.43. The business 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%. Vipshop’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Equities analysts forecast that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal 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.