Bank of New York Mellon Corp Has $8.80 Million Position in Vipshop Holdings Limited (NYSE:VIPS)

Bank of New York Mellon Corp increased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,933 shares of the technology company's stock after buying an additional 22,204 shares during the quarter. Bank of New York Mellon Corp owned about 0.11% of Vipshop worth $8,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its stake in Vipshop by 2.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after purchasing an additional 1,165 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Vipshop by 3.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock valued at $594,000 after purchasing an additional 1,500 shares in the last quarter. Wayfinding Financial LLC bought a new position in Vipshop during the 1st quarter valued at $35,000. Vontobel Holding Ltd. lifted its position in shares of Vipshop by 19.1% during the 1st quarter. Vontobel Holding Ltd. now owns 14,638 shares of the technology company's stock valued at $230,000 after acquiring an additional 2,352 shares during the last quarter. Finally, Aviva PLC lifted its position in shares of Vipshop by 1.0% during the 4th quarter. Aviva PLC now owns 261,100 shares of the technology company's stock valued at $3,517,000 after acquiring an additional 2,500 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 1.0%

Vipshop stock traded down $0.16 during mid-day trading on Friday, hitting $15.98. 1,181,362 shares of the company's stock were exchanged, compared to its average volume of 2,530,422. The stock has a market cap of $8.19 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.80 and a beta of 0.58. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The stock has a 50 day moving average of $14.93 and a two-hundred day moving average of $14.70.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VIPS. Barclays cut their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Bank of America cut their price objective on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.83.

About Vipshop

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.