Voloridge Investment Management LLC Cuts Stake in Vipshop Holdings Limited (NYSE:VIPS)

Voloridge Investment Management LLC lessened its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,600,324 shares of the technology company's stock after selling 289,634 shares during the period. Voloridge Investment Management LLC owned 0.31% of Vipshop worth $21,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VIPS. Blue Trust Inc. raised its position in shares of Vipshop by 17.5% during the 4th 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 in the last quarter. Jump Financial LLC purchased a new stake in Vipshop in the 4th quarter worth about $161,000. Vontobel Holding Ltd. purchased a new stake in Vipshop in the 4th quarter worth about $165,000. Atomi Financial Group Inc. raised its position in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after purchasing an additional 1,191 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Vipshop in the 4th quarter worth about $175,000. Institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VIPS shares. Barclays dropped their price objective 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. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Vipshop has a consensus rating of "Hold" and a consensus price target of $15.10.

Vipshop Stock Up 0.6%

Shares of NYSE VIPS traded up $0.09 during trading on Wednesday, hitting $14.18. The company had a trading volume of 793,064 shares, compared to its average volume of 3,831,864. The stock has a fifty day simple moving average of $14.13 and a two-hundred day simple moving average of $14.29. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 6.78, 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The company 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%. On average, analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share 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.