OMERS ADMINISTRATION Corp Lowers Stake in Vipshop Holdings Limited (NYSE:VIPS)

OMERS ADMINISTRATION Corp decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,850 shares of the technology company's stock after selling 34,850 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Vipshop were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VIPS. Blue Trust Inc. grew its stake in shares of Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after buying an additional 1,487 shares during the last quarter. Jump Financial LLC bought a new position in shares of Vipshop during the fourth quarter valued at approximately $161,000. Vontobel Holding Ltd. bought a new position in shares of Vipshop during the fourth quarter valued at approximately $165,000. Atomi Financial Group Inc. grew its stake 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 position in shares of Vipshop during the fourth quarter valued at approximately $175,000. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Down 1.2%

Shares of NYSE VIPS traded down $0.17 during trading hours on Friday, reaching $14.38. The stock had a trading volume of 2,262,462 shares, compared to its average volume of 3,838,070. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 6.88, a P/E/G ratio of 1.52 and a beta of 0.60. The business's fifty day moving average price is $14.23 and its two-hundred day moving average price is $14.30. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (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 analysts' expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. Equities research analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.