Franklin Resources Inc. Lowers Holdings in Vipshop Holdings Limited $VIPS

Franklin Resources Inc. reduced its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,160 shares of the technology company’s stock after selling 6,372 shares during the quarter. Franklin Resources Inc. owned about 0.08% of Vipshop worth $6,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in VIPS. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Vipshop by 0.5% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock valued at $2,006,000 after buying an additional 657 shares during the period. Atlas Capital Advisors Inc. grew its holdings in Vipshop by 41.5% during the 1st 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. Huntington National Bank increased its position in Vipshop by 53.8% during 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 during the period. Farther Finance Advisors LLC raised its holdings in shares of Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Vipshop by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company’s stock worth $682,000 after purchasing an additional 2,126 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VIPS. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Sunday. Barclays boosted their price target on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. lifted their target price on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.83.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $19.64 on Monday. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The company has a market cap of $10.07 billion, a PE ratio of 10.67, a P/E/G ratio of 2.11 and a beta of 0.83. The business has a 50-day simple moving average of $19.03 and a two-hundred day simple moving average of $16.89.

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.