E Fund Management Hong Kong Co. Ltd. Sells 66,456 Shares of Vipshop Holdings Limited (NYSE:VIPS)

E Fund Management Hong Kong Co. Ltd. lessened its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 33.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 132,614 shares of the technology company's stock after selling 66,456 shares during the period. Vipshop accounts for approximately 1.9% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 10th biggest position. E Fund Management Hong Kong Co. Ltd.'s holdings in Vipshop were worth $2,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIPS. Lighthouse Investment Partners LLC purchased a new stake in Vipshop in the 4th quarter worth about $1,990,000. Packer & Co Ltd bought a new stake in Vipshop during the 1st quarter valued at $24,292,000. Vanguard Group Inc. grew its stake in Vipshop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after purchasing an additional 79,254 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Vipshop by 53.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock valued at $34,991,000 after acquiring an additional 908,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Vipshop by 16.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock valued at $27,416,000 after purchasing an additional 286,604 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Up 2.1%

NYSE VIPS traded up $0.31 during trading hours on Friday, reaching $15.12. The company had a trading volume of 2,006,354 shares, compared to its average volume of 3,661,911. The stock has a 50-day moving average of $14.29 and a 200 day moving average of $14.44. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The stock has a market capitalization of $7.76 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 2.53 and a beta of 0.57.

Analyst Ratings Changes

A number of equities research analysts recently commented on VIPS shares. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Barclays lowered their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Finally, Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $15.10.

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.