Voloridge Investment Management LLC Sells 289,634 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Voloridge Investment Management LLC lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 15.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,600,324 shares of the technology company’s stock after selling 289,634 shares during the period. Voloridge Investment Management LLC’s holdings in Vipshop were worth $21,556,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock valued at $188,060,000 after purchasing an additional 79,254 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock valued at $149,619,000 after purchasing an additional 139,320 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vipshop by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company’s stock valued at $108,608,000 after purchasing an additional 993,042 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Vipshop by 28.4% in the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after purchasing an additional 1,718,159 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Vipshop in the fourth quarter valued at approximately $64,115,000. Institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays dropped their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and a consensus price target of $15.10.

Vipshop Trading Up 0.7%

VIPS stock opened at $14.54 on Friday. The stock’s fifty day simple moving average is $14.29 and its two-hundred day simple moving average is $14.30. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The stock has a market cap of $7.46 billion, a P/E ratio of 6.96, a P/E/G ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, analysts forecast that Vipshop Holdings Limited will post 1.95 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.