Aberdeen Group plc Decreases Stock Holdings 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 reduced its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 36.5% during the 1st quarter, according to its most recent disclosure 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 approximately 0.09% of Vipshop worth $7,198,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Vipshop in the first quarter valued at approximately $35,000. Atlas Capital Advisors Inc. grew its position in 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 in the last quarter. Sound Income Strategies LLC acquired a new stake in Vipshop in the first quarter valued at $62,000. Caitong International Asset Management Co. Ltd acquired a new stake in Vipshop in the first quarter valued at $86,000. Finally, AM Investment Strategies LLC acquired a new stake in Vipshop in the first quarter valued at $157,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Price Performance

Shares of NYSE VIPS traded up $0.12 during trading on Tuesday, hitting $17.08. The stock had a trading volume of 3,708,745 shares, compared to its average volume of 2,583,479. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $17.94. The company has a market capitalization of $8.76 billion, a PE ratio of 9.28, a PEG ratio of 1.89 and a beta of 0.54. The firm has a fifty day moving average of $15.59 and a two-hundred day moving average of $15.04.

Analyst Ratings Changes

VIPS has been the subject of a number of research reports. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Barclays cut their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Bank of America decreased their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. Citigroup boosted their target price on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" 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.