Caprock Group LLC Sells 21,037 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Caprock Group LLC lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 40.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,536 shares of the technology company’s stock after selling 21,037 shares during the period. Caprock Group LLC’s holdings in Vipshop were worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Krane Funds Advisors LLC boosted its stake in Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after acquiring an additional 2,659,117 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vipshop by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after purchasing an additional 248,743 shares in the last quarter. First Beijing Investment Ltd purchased a new stake in shares of Vipshop in the 3rd quarter worth approximately $120,182,000. Dimensional Fund Advisors LP increased its position in Vipshop by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock valued at $87,771,000 after buying an additional 343,739 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Vipshop by 2.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock valued at $85,399,000 after buying an additional 184,000 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VIPS has been the subject of several analyst reports. Morgan Stanley reduced their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Finally, Citigroup dropped their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

NYSE:VIPS opened at $13.24 on Friday. The business has a fifty day moving average price of $14.65 and a 200-day moving average price of $14.42. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The company had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a net margin of 7.50% and a return on equity of 21.04%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. On average, equities research analysts expect that Vipshop Holdings Limited will post 1.97 earnings per share 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.