Wellington Management Group LLP Sells 13,414 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Wellington Management Group LLP decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,547 shares of the technology company’s stock after selling 13,414 shares during the period. Wellington Management Group LLP’s holdings in Vipshop were worth $4,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. FIL Ltd lifted its stake in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares during the last quarter. KBC Group NV grew its position in shares of Vipshop by 55.8% in the 4th quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after buying an additional 224,098 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Vipshop by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 1,322,433 shares of the technology company’s stock worth $23,592,000 after acquiring an additional 233,438 shares in the last quarter. American Century Companies Inc. lifted its position in Vipshop by 9.6% during the third quarter. American Century Companies Inc. now owns 996,011 shares of the technology company’s stock valued at $15,946,000 after acquiring an additional 87,252 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after acquiring an additional 2,273,198 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIPS shares. Citigroup reduced their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. HSBC dropped their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vipshop presently has an average rating of “Moderate Buy” and an average target price of $21.60.

Vipshop Stock Performance

Vipshop stock opened at $13.02 on Friday. Vipshop Holdings Limited has a fifty-two week low of $12.96 and a fifty-two week high of $20.19. The company has a market cap of $7.06 billion, a PE ratio of 6.06 and a beta of 0.39. The business’s 50-day simple moving average is $15.69 and its two-hundred day simple moving average is $16.41.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS 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 analyst estimates of $3.87 billion. As a group, analysts predict that Vipshop Holdings Limited will post 2.21 EPS 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.