Vipshop Holdings Limited (NYSE:VIPS) Stock Position Decreased by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,575 shares of the technology company’s stock after selling 14,047 shares during the period. Rhumbline Advisers’ holdings in Vipshop were worth $809,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. grew its position in Vipshop by 9.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 53,442 shares of the technology company’s stock worth $712,000 after purchasing an additional 4,479 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Vipshop in the 4th quarter worth about $165,000. New York State Common Retirement Fund grew its position in Vipshop by 9.2% in the 4th quarter. New York State Common Retirement Fund now owns 1,012,134 shares of the technology company’s stock worth $13,633,000 after purchasing an additional 85,034 shares during the last quarter. Handelsbanken Fonder AB grew its position in Vipshop by 6.0% in the 4th quarter. Handelsbanken Fonder AB now owns 234,148 shares of the technology company’s stock worth $3,154,000 after purchasing an additional 13,355 shares during the last quarter. Finally, Nan Fung Trinity HK Ltd. bought a new position in Vipshop in the 4th quarter worth about $5,026,000. Institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

VIPS has been the subject of several recent analyst reports. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 29th. Citigroup cut shares of 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. Finally, Barclays decreased their price objective on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.10.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.85 on Friday. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 2.51 and a beta of 0.57. The stock’s 50 day moving average price is $14.11 and its 200 day moving average price is $14.41.

Vipshop Company Profile

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.