Vipshop Holdings Limited $VIPS Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,081 shares of the technology company’s stock after selling 1,127 shares during the quarter. Signaturefd LLC’s holdings in Vipshop were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Vipshop by 111.0% during the 1st quarter. SG Americas Securities LLC now owns 31,118 shares of the technology company’s stock worth $488,000 after purchasing an additional 16,372 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Vipshop by 3.7% during the 1st quarter. Handelsbanken Fonder AB now owns 242,877 shares of the technology company’s stock worth $3,808,000 after purchasing an additional 8,729 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Vipshop during the 1st quarter worth approximately $62,000. D Orazio & Associates Inc. grew its stake in shares of Vipshop by 22.5% during the 1st quarter. D Orazio & Associates Inc. now owns 15,335 shares of the technology company’s stock worth $240,000 after purchasing an additional 2,816 shares during the period. Finally, Packer & Co Ltd acquired a new stake in shares of Vipshop during the 1st quarter worth approximately $24,292,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VIPS shares. 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. Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Citigroup raised their price objective 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 cut shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, Bank of America dropped their price target 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. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Vipshop has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Vipshop Stock Down 1.1%

Shares of VIPS opened at $20.45 on Friday. Vipshop Holdings Limited has a 52-week low of $12.14 and a 52-week high of $21.08. The stock has a market cap of $10.49 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.31 and a beta of 0.71. The firm’s fifty day moving average is $17.15 and its two-hundred day moving average is $15.48.

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.