Allianz Asset Management GmbH Sells 6,741 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Allianz Asset Management GmbH cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,348,400 shares of the technology company’s stock after selling 6,741 shares during the quarter. Allianz Asset Management GmbH’s holdings in Vipshop were worth $45,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lingohr Asset Management GmbH bought a new position in shares of Vipshop during the third quarter valued at $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vipshop by 179.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after acquiring an additional 2,558,896 shares in the last quarter. FMR LLC increased its holdings in shares of Vipshop by 8.5% during the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after acquiring an additional 162,027 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Vipshop by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock valued at $13,340,000 after acquiring an additional 75,590 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vipshop by 19.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock valued at $27,508,000 after acquiring an additional 290,583 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $14.66 on Friday. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 1.52 and a beta of 0.30. The stock’s 50-day simple moving average is $13.98 and its two-hundred day simple moving average is $13.98. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. As a group, equities analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup dropped their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

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.