Ionic Capital Management LLC Reduces Position in Vipshop Holdings Limited (VIPS)

Ionic Capital Management LLC lowered its stake in Vipshop Holdings Limited (NYSE:VIPS) by 49.0% during the first quarter, Holdings Channel reports. The fund owned 14,194 shares of the technology company’s stock after selling 13,660 shares during the period. Ionic Capital Management LLC’s holdings in Vipshop Holdings Limited were worth $189,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Oxford Asset Management purchased a new position in Vipshop Holdings Limited during the fourth quarter valued at about $112,000. Envestnet Asset Management Inc. raised its position in Vipshop Holdings Limited by 31.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,478 shares of the technology company’s stock valued at $116,000 after buying an additional 2,521 shares during the last quarter. Advisors Preferred LLC purchased a new position in Vipshop Holdings Limited during the first quarter valued at about $134,000. Koch Industries Inc. purchased a new position in Vipshop Holdings Limited during the first quarter valued at about $151,000. Finally, United Capital Financial Advisers LLC purchased a new position in Vipshop Holdings Limited during the first quarter valued at about $152,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Vipshop Holdings Limited (NYSE:VIPS)

Vipshop Holdings Limited (NYSE:VIPS) remained flat at $11.79 on Friday. 4,198,777 shares of the stock traded hands. Vipshop Holdings Limited has a 12-month low of $10.30 and a 12-month high of $17.41. The company’s 50-day moving average is $13.36 and its 200 day moving average is $12.59. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 23.16 and a beta of 1.84.

Vipshop Holdings Limited (NYSE:VIPS) last released its quarterly earnings results on Monday, May 15th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Vipshop Holdings Limited had a return on equity of 44.90% and a net margin of 3.50%. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue was up 31.1% compared to the same quarter last year. On average, equities analysts predict that Vipshop Holdings Limited will post $0.84 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on VIPS shares. Jefferies Group LLC set a $17.00 price target on Vipshop Holdings Limited and gave the company a “buy” rating in a research report on Saturday, April 1st. Nomura reaffirmed a “neutral” rating and issued a $16.80 price target (up previously from $16.40) on shares of Vipshop Holdings Limited in a research report on Tuesday, May 16th. TheStreet raised Vipshop Holdings Limited from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Benchmark Co. started coverage on Vipshop Holdings Limited in a research report on Tuesday, April 18th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Vipshop Holdings Limited presently has an average rating of “Buy” and a consensus price target of $16.11.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

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