Rhumbline Advisers Has $809,000 Holdings in Vipshop Holdings Limited $VIPS

Rhumbline Advisers cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 21.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,575 shares of the technology company’s stock after selling 14,047 shares during the quarter. Rhumbline Advisers’ holdings in Vipshop were worth $809,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Vipshop during the first quarter worth $35,000. Brooklyn Investment Group boosted its stake in Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,475 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares in the last quarter. Sound Income Strategies LLC bought a new position in Vipshop during the first quarter worth $62,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Vipshop during the first quarter worth $86,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Down 2.1%

NYSE VIPS opened at $18.38 on Monday. The company’s 50 day moving average is $16.55 and its 200-day moving average is $15.32. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $18.91. The firm has a market cap of $9.42 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.70.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Bank of America dropped their price objective on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research note on Friday, July 18th. Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Vipshop has an average rating of “Moderate Buy” and an average target price of $18.33.

Vipshop 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.