Ameriprise Financial Inc. Has $7.89 Million Position in Vipshop Holdings Limited (NYSE:VIPS)

Ameriprise Financial Inc. lifted its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 23.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 585,654 shares of the technology company's stock after acquiring an additional 111,276 shares during the period. Ameriprise Financial Inc. owned 0.11% of Vipshop worth $7,889,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after buying an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Vipshop by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company's stock worth $149,619,000 after buying an additional 139,320 shares during the period. Dimensional Fund Advisors LP increased its position in Vipshop by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock worth $108,608,000 after buying an additional 993,042 shares during the period. Invesco Ltd. increased its position in Vipshop by 28.4% in the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock worth $104,516,000 after buying an additional 1,718,159 shares during the period. Finally, Norges Bank bought a new position in Vipshop in the 4th quarter worth approximately $64,115,000. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 1.7%

VIPS stock traded down $0.25 during trading on Tuesday, hitting $14.11. The company had a trading volume of 5,265,882 shares, compared to its average volume of 3,843,782. The company has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $14.29. The company has a market cap of $7.24 billion, a P/E ratio of 6.75, a P/E/G ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings data 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). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. On average, analysts expect that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on VIPS shares. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Tuesday, April 1st. Barclays decreased their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Vipshop presently has a consensus rating of "Hold" and a consensus target price of $15.10.

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.