Advisors Asset Management Inc. decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS – Get Rating) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,304 shares of the technology company’s stock after selling 3,560 shares during the period. Advisors Asset Management Inc.’s holdings in Vipshop were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Employees Retirement System of Texas acquired a new position in Vipshop in the 2nd quarter valued at $43,000. Leo Brokerage LLC acquired a new position in Vipshop in the 1st quarter valued at $91,000. Quadrant Capital Group LLC raised its stake in Vipshop by 59.6% in the 1st quarter. Quadrant Capital Group LLC now owns 10,758 shares of the technology company’s stock valued at $97,000 after purchasing an additional 4,018 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Vipshop in the 1st quarter valued at $102,000. Finally, Ground Swell Capital LLC acquired a new position in Vipshop in the 1st quarter valued at $105,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.
Vipshop Trading Down 0.5 %
Shares of NYSE:VIPS opened at $9.36 on Monday. The business has a 50-day moving average price of $8.49 and a 200 day moving average price of $9.31. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 9.36 and a beta of 0.45. Vipshop Holdings Limited has a 12-month low of $5.75 and a 12-month high of $11.97.
Analyst Ratings Changes
VIPS has been the subject of several recent research reports. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Credit Suisse Group raised Vipshop from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $10.30 to $12.00 in a research note on Monday, August 22nd. Morgan Stanley cut their target price on Vipshop from $10.00 to $8.50 in a research note on Monday, October 31st. Citigroup cut their target price on Vipshop from $10.90 to $10.00 in a research note on Thursday, October 6th. Finally, HSBC cut their target price on Vipshop from $10.10 to $9.60 and set a “hold” rating for the company in a research note on Thursday, September 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Vipshop has an average rating of “Hold” and a consensus target price of $9.41.
Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.
- Get a free copy of the StockNews.com research report on Vipshop (VIPS)
- Is GameStop Stock Setting Up for Another Short Squeeze?
- Here’s Why SoFi Technologies Stock is Cheap at These Levels
- Warren Buffet Bought Taiwan Semiconductor Stock, Should You?
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.