Acadian Asset Management LLC Lowers Stock Position in Vipshop Holdings Limited $VIPS

Acadian Asset Management LLC trimmed its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,381,603 shares of the technology company’s stock after selling 378,802 shares during the period. Acadian Asset Management LLC owned about 3.20% of Vipshop worth $246,502,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VIPS. Farther Finance Advisors LLC grew its holdings in Vipshop by 209.2% during the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,726 shares during the period. Brooklyn Investment Group boosted its position in shares of Vipshop by 1,695.2% during the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,475 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Vipshop by 1,187.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,027 shares during the period. Huntington National Bank increased its holdings in shares of Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,163 shares in the last quarter. Finally, Atlas Capital Advisors Inc. lifted its stake in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,046 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

VIPS stock opened at $18.66 on Friday. The stock’s 50 day moving average price is $18.54 and its 200 day moving average price is $16.30. The firm has a market cap of $9.57 billion, a P/E ratio of 10.14, a PEG ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $21.08.

Analysts Set New Price Targets

VIPS has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research report on Wednesday, October 8th. Bank of America lowered their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup boosted their target price on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Finally, Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.33.

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.