Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,057,847 shares of the technology company’s stock after selling 16,229 shares during the quarter. Lazard Asset Management LLC’s holdings in Vipshop were worth $17,507,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FIL Ltd increased its position in shares of Vipshop by 31.2% during the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares in the last quarter. KBC Group NV lifted its stake in Vipshop by 55.8% in the fourth quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock valued at $11,110,000 after buying an additional 224,098 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after acquiring an additional 2,273,198 shares during the period. Strs Ohio grew its position in shares of Vipshop by 46.8% during the fourth quarter. Strs Ohio now owns 430,890 shares of the technology company’s stock worth $7,652,000 after acquiring an additional 137,300 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Vipshop by 238.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock valued at $1,996,000 after acquiring an additional 84,976 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 1.5 %

Shares of NYSE:VIPS opened at $13.65 on Monday. Vipshop Holdings Limited has a fifty-two week low of $12.94 and a fifty-two week high of $20.19. The firm’s 50-day simple moving average is $14.71 and its 200-day simple moving average is $15.94. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 6.26 and a beta of 0.32.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. On average, research analysts forecast that Vipshop Holdings Limited will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VIPS shares. Citigroup lowered their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

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.