AQR Capital Management LLC Sells 5,016 Shares of Vipshop Holdings Limited $VIPS

AQR Capital Management LLC lowered its stake in Vipshop Holdings Limited (NYSE:VIPS) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 532,538 shares of the technology company’s stock after selling 5,016 shares during the quarter. AQR Capital Management LLC owned about 0.10% of Vipshop worth $8,350,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VIPS. Orbis Allan Gray Ltd increased its holdings in shares of Vipshop by 18.3% in the first quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock worth $109,904,000 after purchasing an additional 1,084,345 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Vipshop by 20.1% during the 1st quarter. BNP Paribas Financial Markets now owns 1,877,068 shares of the technology company’s stock valued at $29,432,000 after buying an additional 314,440 shares in the last quarter. Causeway Capital Management LLC increased its stake in Vipshop by 140.7% in the 1st quarter. Causeway Capital Management LLC now owns 726,618 shares of the technology company’s stock worth $11,393,000 after acquiring an additional 424,803 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in Vipshop in the 1st quarter worth approximately $3,644,000. Finally, Virtus Advisers LLC purchased a new stake in shares of Vipshop during the 1st quarter worth approximately $1,064,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $18.14 on Friday. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $18.53. The firm has a 50-day simple moving average of $16.14 and a two-hundred day simple moving average of $15.23. The company has a market cap of $9.30 billion, a P/E ratio of 9.86, a PEG ratio of 2.02 and a beta of 0.70.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 29th. Barclays reduced their target price on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 30th. Finally, Bank of America lowered their price objective on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research note on Friday, July 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.33.

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.