GF Fund Management CO. LTD. reduced its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,584 shares of the technology company's stock after selling 202,077 shares during the period. GF Fund Management CO. LTD. owned about 0.06% of Vipshop worth $5,089,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Metis Global Partners LLC lifted its position in Vipshop by 53.9% during the fourth quarter. Metis Global Partners LLC now owns 17,277 shares of the technology company's stock valued at $233,000 after purchasing an additional 6,050 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vipshop by 16.4% in 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 buying an additional 286,604 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock valued at $349,000 after buying an additional 1,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Vipshop by 32.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,119,045 shares of the technology company's stock worth $15,074,000 after buying an additional 270,986 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in Vipshop by 12.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 70,114 shares of the technology company's stock worth $931,000 after acquiring an additional 7,606 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on VIPS. JPMorgan Chase & Co. decreased their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Tuesday, April 1st. Finally, Barclays cut their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Vipshop presently has a consensus rating of "Hold" and a consensus price target of $15.58.
View Our Latest Stock Report on Vipshop
Vipshop Stock Performance
Vipshop stock opened at $14.99 on Friday. The stock has a market capitalization of $7.69 billion, a P/E ratio of 7.85, a P/E/G ratio of 2.53 and a beta of 0.58. The company's fifty day moving average price is $14.57 and its 200 day moving average price is $14.50. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94.
Vipshop Company Profile
(
Free Report)
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.
Read More
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