Diversified Trust Co Sells 17,654 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Diversified Trust Co lowered its stake in Vipshop Holdings Limited (NYSE:VIPS) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,953 shares of the technology company’s stock after selling 17,654 shares during the period. Diversified Trust Co’s holdings in Vipshop were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in VIPS. FIL Ltd grew its stake in shares of Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Vipshop by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Vipshop by 238.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after buying an additional 84,976 shares during the last quarter. Franchise Capital Ltd bought a new position in shares of Vipshop in the fourth quarter worth approximately $4,669,000. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Vipshop by 3.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company’s stock valued at $25,432,000 after buying an additional 48,300 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 4.4 %

Shares of NYSE:VIPS opened at $16.53 on Wednesday. The firm’s 50 day moving average price is $13.72 and its 200-day moving average price is $14.79. The stock has a market capitalization of $8.96 billion, a PE ratio of 7.69 and a beta of 0.34. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share 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 business had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts expect that Vipshop Holdings Limited will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on VIPS. Morgan Stanley lowered their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Citigroup increased their price objective on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and decreased their target price for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.42.

Vipshop Company 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.