GF Fund Management CO. LTD. Takes Position in Vipshop Holdings Limited (NYSE:VIPS)

GF Fund Management CO. LTD. purchased a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 526,661 shares of the technology company's stock, valued at approximately $7,094,000. GF Fund Management CO. LTD. owned 0.10% of Vipshop as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VIPS. Blue Trust Inc. grew its stake in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after acquiring an additional 1,487 shares during the last quarter. Jump Financial LLC bought a new position in shares of Vipshop during the 4th quarter worth about $161,000. Vontobel Holding Ltd. bought a new position in shares of Vipshop during the 4th quarter worth about $165,000. Atomi Financial Group Inc. raised its position in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after buying an additional 1,191 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Vipshop in the fourth quarter valued at about $175,000. 48.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Vipshop Stock Performance

Shares of NYSE:VIPS traded down $0.01 on Wednesday, hitting $14.08. The stock had a trading volume of 2,967,507 shares, compared to its average volume of 3,831,463. The firm's 50 day moving average price is $14.13 and its 200-day moving average price is $14.29. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, sell-side analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current year.

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.