Prescott Group Capital Management L.L.C. Sells 15,000 Shares of Vipshop Holdings Ltd – (VIPS)

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Prescott Group Capital Management L.L.C. lessened its stake in Vipshop Holdings Ltd – (NYSE:VIPS) by 32.2% in the second quarter, Holdings Channel reports. The fund owned 31,654 shares of the technology company’s stock after selling 15,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Vipshop were worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Vipshop by 11.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,216 shares of the technology company’s stock valued at $751,000 after purchasing an additional 4,816 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Vipshop by 1.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 976,166 shares of the technology company’s stock valued at $16,224,000 after purchasing an additional 13,550 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Vipshop by 284.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 45,667 shares of the technology company’s stock valued at $2,979,000 after purchasing an additional 33,783 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vipshop by 42.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 187,065 shares of the technology company’s stock valued at $3,109,000 after purchasing an additional 56,073 shares during the last quarter. Finally, Trexquant Investment LP raised its position in Vipshop by 161.1% during the 1st quarter. Trexquant Investment LP now owns 130,975 shares of the technology company’s stock valued at $2,177,000 after purchasing an additional 80,813 shares during the last quarter. 50.06% of the stock is owned by institutional investors.

VIPS has been the subject of a number of recent analyst reports. Benchmark lowered their price target on Vipshop from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, May 16th. Zacks Investment Research raised Vipshop from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine raised Vipshop from a “sell” rating to a “hold” rating in a research report on Monday, May 28th. Daiwa Capital Markets lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Goldman Sachs Group lowered Vipshop from a “buy” rating to a “neutral” rating and set a $14.30 target price for the company. in a research report on Wednesday, July 11th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.65.

Shares of NYSE:VIPS opened at $6.72 on Wednesday. Vipshop Holdings Ltd – has a 52-week low of $6.66 and a 52-week high of $19.14. The company has a market capitalization of $4.60 billion, a PE ratio of 11.59 and a beta of 1.77.

Vipshop (NYSE:VIPS) last announced its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The firm had revenue of $20.74 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. research analysts expect that Vipshop Holdings Ltd – will post 0.4 earnings per share for the current fiscal year.

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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