BRIGHT VALLEY CAPITAL Ltd Has $63,000 Stake in Vipshop Holdings Limited (NYSE:VIPS)

BRIGHT VALLEY CAPITAL Ltd trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS) by 98.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the technology company’s stock after selling 206,000 shares during the quarter. Vipshop comprises about 0.0% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 14th biggest position. BRIGHT VALLEY CAPITAL Ltd’s holdings in Vipshop were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Vipshop by 114.9% in the fourth quarter. LPL Financial LLC now owns 24,164 shares of the technology company’s stock worth $325,000 after acquiring an additional 12,919 shares in the last quarter. Cerity Partners LLC boosted its holdings in Vipshop by 60.0% in the fourth quarter. Cerity Partners LLC now owns 56,906 shares of the technology company’s stock worth $769,000 after acquiring an additional 21,335 shares in the last quarter. Jump Financial LLC bought a new position in Vipshop in the fourth quarter worth approximately $161,000. Marshall Wace LLP bought a new position in Vipshop in the fourth quarter worth approximately $2,712,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Vipshop by 16.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 914,058 shares of the technology company’s stock worth $12,296,000 after acquiring an additional 130,737 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Up 4.1%

Shares of VIPS opened at $16.34 on Thursday. The stock has a 50 day moving average of $15.22 and a 200 day moving average of $14.90. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 1.75 and a beta of 0.54.

Vipshop (NYSE:VIPS) last released its earnings results on Thursday, August 14th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.15). Vipshop had a return on equity of 18.04% and a net margin of 6.87%. As a group, equities research analysts predict that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VIPS. Bank of America cut their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Barclays cut their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their target price on Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Six equities 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, Vipshop presently has a consensus rating of “Hold” and an average target price of $15.83.

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.