Swedbank AB Trims Position in Vipshop Holdings Limited $VIPS

Swedbank AB reduced its stake in Vipshop Holdings Limited (NYSE:VIPS) by 20.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,403 shares of the technology company’s stock after selling 39,300 shares during the period. Swedbank AB’s holdings in Vipshop were worth $2,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Vipshop by 3,533.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock worth $310,000 after buying an additional 1,965,244 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Vipshop in the first quarter valued at approximately $427,000. Bank of New York Mellon Corp raised its stake in shares of Vipshop by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company’s stock worth $8,795,000 after purchasing an additional 22,204 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Vipshop during the first quarter worth approximately $27,051,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Vipshop by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after acquiring an additional 49,632 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

NYSE:VIPS opened at $18.38 on Monday. The business has a 50 day simple moving average of $16.55 and a 200 day simple moving average of $15.32. The firm has a market capitalization of $9.42 billion, a P/E ratio of 9.99, a P/E/G ratio of 2.07 and a beta of 0.70. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $18.91.

Analyst Ratings Changes

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