Fifth Third Bancorp Reduces Stake in Vipshop Holdings Limited (NYSE:VIPS)

Fifth Third Bancorp lowered its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 12.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 24,707 shares of the technology company’s stock after selling 3,498 shares during the quarter. Fifth Third Bancorp’s holdings in Vipshop were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VIPS. Daiwa Securities Group Inc. raised its position in shares of Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock worth $349,000 after acquiring an additional 1,400 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Vipshop by 3.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company’s stock worth $594,000 after acquiring an additional 1,500 shares in the last quarter. Aviva PLC raised its position in shares of Vipshop by 1.0% in the 4th quarter. Aviva PLC now owns 261,100 shares of the technology company’s stock worth $3,517,000 after acquiring an additional 2,500 shares in the last quarter. Financial Counselors Inc. raised its position in shares of Vipshop by 17.8% in the 4th quarter. Financial Counselors Inc. now owns 20,507 shares of the technology company’s stock worth $276,000 after acquiring an additional 3,095 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its position in shares of Vipshop by 23.0% in the 4th quarter. Vinva Investment Management Ltd now owns 23,952 shares of the technology company’s stock worth $318,000 after acquiring an additional 4,472 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

VIPS has been the subject of several research reports. Citigroup lowered Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, April 1st. Barclays decreased their target price on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 29th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.10.

Vipshop Stock Down 1.1%

VIPS stock opened at $14.85 on Wednesday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The firm has a market cap of $7.62 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 2.56 and a beta of 0.57. The business has a 50 day moving average of $14.00 and a 200 day moving average of $14.39.

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.