Bank of America Corp DE Increases Stake in Vipshop Holdings Limited (NYSE:VIPS)

Bank of America Corp DE boosted its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,028,220 shares of the technology company's stock after acquiring an additional 38,656 shares during the period. Bank of America Corp DE owned 0.40% of Vipshop worth $27,320,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

VIPS has been the topic of several analyst reports. Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday. Barclays cut their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.10.

Vipshop Price Performance

Shares of Vipshop stock traded down $0.17 during trading hours on Friday, hitting $14.38. 2,262,462 shares of the company's stock traded hands, compared to its average volume of 3,849,992. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 1.52 and a beta of 0.60. The company has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $14.30.

Vipshop (NYSE:VIPS - Get Free Report) last announced 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). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $3.82 billion. On average, analysts forecast that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

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.