Comerica Bank trimmed its position in Vipshop Holdings Ltd – (NYSE:VIPS) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,625 shares of the technology company’s stock after selling 802 shares during the period. Comerica Bank’s holdings in Vipshop were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIPS. Huntington National Bank lifted its position in Vipshop by 114.1% in the fourth quarter. Huntington National Bank now owns 2,910 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,551 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Vipshop in the fourth quarter worth approximately $282,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vipshop by 2.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 288,423 shares of the technology company’s stock worth $4,087,000 after purchasing an additional 6,900 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in Vipshop by 13.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 40,669 shares of the technology company’s stock worth $576,000 after purchasing an additional 4,689 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in Vipshop in the fourth quarter worth approximately $304,000. Hedge funds and other institutional investors own 48.40% of the company’s stock.

Shares of NYSE:VIPS opened at $15.10 on Friday. The company’s fifty day moving average is $16.22 and its two-hundred day moving average is $14.36. Vipshop Holdings Ltd – has a 12-month low of $6.17 and a 12-month high of $18.95. The company has a market cap of $9.71 billion, a P/E ratio of 17.56 and a beta of 1.13.

Vipshop (NYSE:VIPS) last announced its earnings results on Thursday, March 5th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.13. Vipshop had a net margin of 4.31% and a return on equity of 21.42%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $3.99 billion. Analysts expect that Vipshop Holdings Ltd – will post 1.14 EPS for the current year.

VIPS has been the topic of several research reports. Citigroup raised Vipshop from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.00 to $20.00 in a report on Friday, March 6th. Credit Suisse Group raised Vipshop from a “neutral” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Thursday, May 7th. Nomura Securities raised Vipshop from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.10 to $20.00 in a report on Friday, March 6th. Morgan Stanley initiated coverage on Vipshop in a report on Tuesday, February 4th. They issued an “equal weight” rating and a $13.50 price target on the stock. Finally, ValuEngine cut Vipshop from a “hold” rating to a “sell” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.13.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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