Aberdeen Group plc Has $7.20 Million Stake in Vipshop Holdings Limited $VIPS

Key Points

• Aberdeen Group plc has reduced its stake in Vipshop Holdings Limited by 36.5%, now owning approximately $7.20 million worth of shares after selling 264,269 shares.
• Other institutional investors have made significant changes, including Mirae Asset Global Investments increasing its holdings by over 3,500% and acquiring about $27 million in shares.
• Analysts have varied opinions on Vipshop’s stock, with price targets ranging from $17.30 to $19.00 and a consensus rating of "Moderate Buy".

Aberdeen Group plc decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 36.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 459,070 shares of the technology company's stock after selling 264,269 shares during the period. Aberdeen Group plc owned about 0.09% of Vipshop worth $7,198,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in VIPS. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Vipshop by 3,533.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock valued at $310,000 after purchasing an additional 1,965,244 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Vipshop in the 1st quarter valued at about $27,051,000. Packer & Co Ltd acquired a new position in shares of Vipshop in the 1st quarter valued at about $24,292,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Vipshop by 13.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after purchasing an additional 1,456,862 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Vipshop by 91.2% in the 4th quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock valued at $34,909,000 after purchasing an additional 1,236,106 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VIPS shares. Bank of America lowered their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Citigroup boosted their price target on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Barclays lowered their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Vipshop has a consensus rating of "Moderate Buy" and an average price target of $18.33.

Vipshop Stock Up 0.4%

Shares of Vipshop stock opened at $16.6710 on Thursday. The stock has a market capitalization of $8.55 billion, a P/E ratio of 9.06, a PEG ratio of 1.85 and a beta of 0.54. The stock has a 50 day moving average price of $15.42 and a two-hundred day moving average price of $14.97. Vipshop Holdings Limited has a 12-month low of $11.67 and a 12-month high of $17.94.

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.

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