Aberdeen Group plc Sells 66,182 Shares of Vipshop Holdings Limited $VIPS

Aberdeen Group plc trimmed its position in Vipshop Holdings Limited (NYSE:VIPS) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,259 shares of the technology company’s stock after selling 66,182 shares during the quarter. Aberdeen Group plc owned about 0.07% of Vipshop worth $6,896,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VIPS. Hantz Financial Services Inc. raised its position in shares of Vipshop by 1,187.1% during the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock valued at $49,000 after buying an additional 3,027 shares during the last quarter. Huntington National Bank grew its stake in shares of Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after buying an additional 1,163 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Vipshop by 575.5% during the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,492 shares during the last quarter. Tobam bought a new stake in shares of Vipshop during the second quarter valued at approximately $91,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Vipshop by 65.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock worth $107,000 after buying an additional 2,809 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VIPS shares. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Barclays lifted their price target on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Vipshop Trading Up 1.4%

Shares of NYSE VIPS opened at $17.72 on Friday. The stock has a market capitalization of $9.08 billion, a PE ratio of 9.32, a PEG ratio of 1.47 and a beta of 0.72. The stock has a fifty day simple moving average of $18.00 and a 200-day simple moving average of $18.27. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08.

Vipshop Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.