Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC lowered its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 12,714,673 shares of the technology company’s stock after selling 347,649 shares during the quarter. Vipshop makes up approximately 9.4% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Krane Funds Advisors LLC’s holdings in Vipshop were worth $225,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIPS. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Vipshop in the 3rd quarter valued at about $704,000. Van ECK Associates Corp grew its holdings in Vipshop by 48.8% in the third quarter. Van ECK Associates Corp now owns 27,302 shares of the technology company’s stock valued at $437,000 after purchasing an additional 8,954 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Vipshop by 8.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after purchasing an additional 905 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Vipshop during the third quarter worth approximately $254,000. Finally, Rhumbline Advisers boosted its holdings in shares of Vipshop by 23.0% in the 3rd quarter. Rhumbline Advisers now owns 107,082 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 20,039 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VIPS shares. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. HSBC reduced their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Citigroup dropped their target price on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Vipshop Trading Down 2.8 %

Shares of VIPS traded down $0.44 during midday trading on Friday, reaching $15.06. 8,516,771 shares of the company were exchanged, compared to its average volume of 5,521,043. Vipshop Holdings Limited has a 1-year low of $13.90 and a 1-year high of $20.19. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 7.00 and a beta of 0.39. The stock has a 50-day moving average price of $16.09 and a 200-day moving average price of $16.50.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. Equities research analysts anticipate that Vipshop Holdings Limited will post 2.21 earnings per share for the current year.

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.