Aberdeen Group plc Sells 31,629 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Aberdeen Group plc has reduced its holdings in Vipshop Holdings Limited by 6.9%, selling 31,629 shares and maintaining a total ownership of 427,441 shares valued at $6.43 million.
• Several large investors have also altered their positions, with SG Americas Securities raising their stake by 111% and Robeco Institutional Asset Management increasing theirs by 13.1%.
• Wall Street analysts have downgraded Vipshop from "strong-buy" to "hold", with a current consensus rating of "hold" and a target price of $18.33.

Aberdeen Group plc reduced its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 427,441 shares of the technology company's stock after selling 31,629 shares during the period. Aberdeen Group plc owned 0.08% of Vipshop worth $6,433,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VIPS. SG Americas Securities LLC lifted its position in shares of Vipshop by 111.0% during the first quarter. SG Americas Securities LLC now owns 31,118 shares of the technology company's stock valued at $488,000 after purchasing an additional 16,372 shares in the last quarter. Packer & Co Ltd purchased a new stake in Vipshop during the first quarter worth about $24,292,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Vipshop during the first quarter worth about $427,000. Asset Management One Co. Ltd. increased its holdings in Vipshop by 2.2% during the first quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock worth $856,000 after buying an additional 1,165 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after buying an additional 1,456,862 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Weiss Ratings restated a "hold (c)" rating on shares of Vipshop in a report on Wednesday, October 8th. Citigroup raised their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, 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 report on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.33.

Vipshop Trading Up 0.9%

Shares of NYSE:VIPS opened at $18.84 on Friday. The company has a 50 day moving average of $17.99 and a 200 day moving average of $15.69. The stock has a market cap of $9.66 billion, a P/E ratio of 10.24, a P/E/G ratio of 2.08 and a beta of 0.71. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08.

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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