AIA Group Ltd Has $4.75 Million Position in Vipshop Holdings Limited (NYSE:VIPS)

AIA Group Ltd lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 13.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 287,128 shares of the technology company’s stock after selling 45,676 shares during the period. AIA Group Ltd’s holdings in Vipshop were worth $4,752,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in VIPS. Lindbrook Capital LLC increased its stake in Vipshop by 56.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after acquiring an additional 708 shares during the period. Rakuten Securities Inc. bought a new stake in Vipshop during the fourth quarter worth about $36,000. Richardson Financial Services Inc. bought a new stake in Vipshop during the fourth quarter worth about $39,000. Blue Trust Inc. grew its stake in Vipshop by 243.5% during the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock worth $56,000 after buying an additional 2,226 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock worth $66,000 after buying an additional 1,462 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Vipshop stock traded down $0.13 during mid-day trading on Friday, reaching $14.11. The company’s stock had a trading volume of 2,917,715 shares, compared to its average volume of 4,062,781. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 6.56 and a beta of 0.32. Vipshop Holdings Limited has a 12 month low of $12.94 and a 12 month high of $20.19. The business’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $16.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. As a group, sell-side analysts expect that Vipshop Holdings Limited will post 2.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VIPS shares. HSBC cut their price objective on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Citigroup cut their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, StockNews.com lowered shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.67.

About Vipshop

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.