Korea Investment CORP lessened its position in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 47.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,600 shares of the technology company’s stock after selling 195,700 shares during the period. Korea Investment CORP’s holdings in Vipshop were worth $1,377,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its holdings in shares of Vipshop by 27.2% in the 2nd quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock worth $267,808,000 after purchasing an additional 5,294,013 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Vipshop by 1,559.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock worth $224,580,000 after purchasing an additional 19,451,180 shares during the last quarter. FIL Ltd lifted its holdings in shares of Vipshop by 18.5% in the 3rd quarter. FIL Ltd now owns 18,167,936 shares of the technology company’s stock worth $113,368,000 after purchasing an additional 2,841,430 shares during the last quarter. Global Thematic Partners LLC lifted its holdings in shares of Vipshop by 63.1% in the 3rd quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock worth $39,825,000 after purchasing an additional 2,468,257 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Vipshop by 3,978.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after purchasing an additional 4,894,000 shares during the last quarter. 47.87% of the stock is currently owned by institutional investors.

VIPS opened at $5.25 on Friday. Vipshop Holdings Ltd – has a 12 month low of $4.30 and a 12 month high of $19.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.89 and a current ratio of 1.12. The company has a market capitalization of $3.65 billion, a P/E ratio of 9.05 and a beta of 1.67.

Vipshop (NYSE:VIPS) last posted its earnings results on Wednesday, November 14th. The technology company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Vipshop had a return on equity of 13.12% and a net margin of 2.57%. The firm had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.59 billion. During the same period last year, the firm earned $0.91 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. As a group, research analysts expect that Vipshop Holdings Ltd – will post 0.43 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Benchmark cut their price target on Vipshop from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Zacks Investment Research raised Vipshop from a “sell” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, October 17th. Citigroup cut their price target on Vipshop to $5.40 and set a “sell” rating on the stock in a report on Monday, October 15th. UBS Group cut their price target on Vipshop from $8.00 to $5.50 and set a “neutral” rating on the stock in a report on Friday, October 12th. Finally, JPMorgan Chase & Co. downgraded Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a report on Tuesday, October 9th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.05.

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About Vipshop

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 shoes for casual and formal occasions; 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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