Comgest Global Investors S.A.S. Cuts Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Comgest Global Investors S.A.S. reduced its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 80.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,164 shares of the technology company’s stock after selling 929,321 shares during the period. Comgest Global Investors S.A.S.’s holdings in Vipshop were worth $3,605,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VIPS. First Beijing Investment Ltd purchased a new position in Vipshop during the third quarter worth about $120,182,000. Krane Funds Advisors LLC grew its position in Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after buying an additional 2,659,117 shares during the period. Hsbc Holdings PLC grew its position in Vipshop by 155.0% during the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after buying an additional 2,117,902 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new position in Vipshop during the first quarter worth about $25,487,000. Finally, Swedbank AB acquired a new position in Vipshop during the first quarter worth about $19,185,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Down 0.2 %

Shares of VIPS traded down $0.03 on Friday, hitting $13.93. 1,951,799 shares of the stock traded hands, compared to its average volume of 2,581,430. The firm has a market capitalization of $7.56 billion, a P/E ratio of 6.61, a P/E/G ratio of 1.57 and a beta of 0.34. The stock’s 50 day moving average is $14.60 and its two-hundred day moving average is $14.48. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19.

Vipshop (NYSE:VIPS) last announced 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 for the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Research analysts forecast that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Analyst Upgrades and Downgrades

VIPS has been the topic of several recent analyst reports. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup upped their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, Barclays initiated coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.64.

Vipshop 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.