E Fund Management Hong Kong Co. Ltd. Trims Stake in Vipshop Holdings Limited (NYSE:VIPS)

E Fund Management Hong Kong Co. Ltd. cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 33.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,614 shares of the technology company's stock after selling 66,456 shares during the period. Vipshop makes up approximately 1.9% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 10th largest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Vipshop were worth $2,079,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VIPS. Sound Income Strategies LLC acquired a new stake in Vipshop in the first quarter worth $62,000. Jump Financial LLC bought a new stake in shares of Vipshop in the 4th quarter valued at $161,000. D Orazio & Associates Inc. raised its stake in Vipshop by 22.5% during the 1st quarter. D Orazio & Associates Inc. now owns 15,335 shares of the technology company's stock worth $240,000 after buying an additional 2,816 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Vipshop during the fourth quarter worth about $210,000. Finally, Metis Global Partners LLC lifted its holdings in Vipshop by 53.9% during the fourth quarter. Metis Global Partners LLC now owns 17,277 shares of the technology company's stock worth $233,000 after acquiring an additional 6,050 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Performance

NYSE VIPS opened at $14.67 on Tuesday. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The stock's 50 day moving average price is $14.15 and its two-hundred day moving average price is $14.43. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 2.54 and a beta of 0.57.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays dropped 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. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Finally, Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.

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