Allianz Asset Management GmbH Cuts Stake in Vipshop Holdings Limited (NYSE:VIPS)

Allianz Asset Management GmbH lowered its position in Vipshop Holdings Limited (NYSE:VIPS) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing 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 owned approximately 0.65% of Vipshop worth $45,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of VIPS. First Beijing Investment Ltd purchased a new stake in Vipshop in the third quarter worth approximately $120,182,000. Polaris Capital Management LLC purchased a new stake in shares of Vipshop during the fourth quarter valued at approximately $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 purchasing an additional 2,558,896 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Vipshop during the third quarter valued at approximately $14,938,000. Finally, Hhlr Advisors LTD. boosted its stake in shares of Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after purchasing an additional 914,322 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 0.9 %

Shares of Vipshop stock opened at $14.66 on Friday. The business has a 50 day moving average of $13.98 and a 200 day moving average of $13.98. The company has a market cap of $7.53 billion, a PE ratio of 7.02, a P/E/G ratio of 1.52 and a beta of 0.30. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. On average, research analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup dropped their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Friday. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $17.50.

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.