Vipshop Holdings Limited $VIPS Stock Position Cut by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,585,454 shares of the technology company’s stock after selling 89,157 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Vipshop were worth $169,954,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. KBC Group NV lifted its holdings in Vipshop by 281.0% during the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock worth $8,421,000 after buying an additional 395,088 shares during the period. Carmignac Gestion increased its stake in shares of Vipshop by 7.7% in the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock valued at $70,510,000 after buying an additional 319,375 shares during the period. Nykredit A S acquired a new stake in shares of Vipshop in the second quarter valued at about $2,349,000. Step Capital Management Pte. Ltd. increased its stake in shares of Vipshop by 90.8% in the second quarter. Step Capital Management Pte. Ltd. now owns 252,141 shares of the technology company’s stock valued at $3,343,000 after buying an additional 120,000 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Vipshop by 15.0% during the second quarter. Wellington Management Group LLP now owns 702,863 shares of the technology company’s stock worth $9,320,000 after acquiring an additional 91,892 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 3.0%

VIPS stock opened at $12.58 on Thursday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 4.16, a PEG ratio of 2.04 and a beta of 0.57. The company’s fifty day simple moving average is $13.03 and its 200 day simple moving average is $13.89. Vipshop Holdings Limited has a 12-month low of $12.02 and a 12-month high of $20.49.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Research analysts expect that Vipshop Holdings Limited will post 1.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Citigroup reduced their target price on Vipshop from $15.30 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vipshop in a research report on Friday, August 21st. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, September 10th. Finally, Nomura restated a “neutral” rating and set a $14.00 price target on shares of Vipshop in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vipshop currently has an average rating of “Hold” and an average price target of $17.16.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.