Allspring Global Investments Holdings LLC Buys 184,000 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Allspring Global Investments Holdings LLC lifted its position in Vipshop Holdings Limited (NYSE:VIPS) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,559,051 shares of the technology company’s stock after buying an additional 184,000 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.21% of Vipshop worth $85,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VIPS. Vanguard Group Inc. raised its stake in Vipshop by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after acquiring an additional 248,743 shares during the period. FIL Ltd lifted its stake in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after buying an additional 2,593,670 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after buying an additional 2,273,198 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Vipshop by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,154,041 shares of the technology company’s stock worth $91,536,000 after buying an additional 47,004 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Vipshop by 21.6% during the first quarter. LSV Asset Management now owns 4,914,661 shares of the technology company’s stock valued at $81,338,000 after acquiring an additional 872,639 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on VIPS shares. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Citigroup decreased their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. StockNews.com lowered Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Morgan Stanley cut 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and a consensus target price of $17.75.

Vipshop Stock Performance

Shares of NYSE VIPS remained flat at $12.59 during mid-day trading on Tuesday. The company had a trading volume of 239,411 shares, compared to its average volume of 3,998,004. The business has a 50-day simple moving average of $13.59 and a 200-day simple moving average of $15.54. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The firm has a market capitalization of $6.83 billion, a PE ratio of 5.86 and a beta of 0.32.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Analysts anticipate that Vipshop Holdings Limited will post 2.16 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.