Ensign Peak Advisors Inc Sells 4,050 Shares of Vipshop Holdings Limited $VIPS

Ensign Peak Advisors Inc reduced its position in Vipshop Holdings Limited (NYSE:VIPS) by 13.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,950 shares of the technology company’s stock after selling 4,050 shares during the period. Ensign Peak Advisors Inc’s holdings in Vipshop were worth $406,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Vipshop by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company’s stock valued at $682,000 after purchasing an additional 2,126 shares during the period. GSA Capital Partners LLP acquired a new position in Vipshop in the first quarter valued at approximately $695,000. Arkadios Wealth Advisors bought a new position in Vipshop in the first quarter valued at approximately $352,000. Natixis Advisors LLC acquired a new stake in Vipshop during the 1st quarter worth $237,000. Finally, US Bancorp DE grew its holdings in Vipshop by 4.1% during the 1st quarter. US Bancorp DE now owns 170,172 shares of the technology company’s stock worth $2,668,000 after acquiring an additional 6,736 shares during the period. Institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup restated a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Barclays upped their price target on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. JPMorgan Chase & Co. increased their price target on shares of Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Vipshop in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and an average price target of $19.83.

Vipshop Trading Down 0.6%

VIPS stock opened at $19.64 on Monday. The stock has a 50-day moving average price of $19.03 and a two-hundred day moving average price of $16.89. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $21.08. The stock has a market cap of $10.07 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83.

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.