Nordea Investment Management AB Has $23.97 Million Stock Holdings in Vipshop Holdings Limited $VIPS

Key Points

• Nordea Investment Management AB reduced its holdings in Vipshop Holdings Limited by 16.9% during Q2, owning approximately $23.97 million worth of shares after selling 328,519 shares.
• Several hedge funds have significantly increased their investments in Vipshop, with Mirae Asset Global Investments boosting their stake by 3,533.4%, now owning over 2 million shares.
• Analysts have mixed ratings on Vipshop, with a consensus average rating of "Hold" and a price target around $18.33, while share prices slightly decreased by 0.3% recently, opening at $18.75.

Nordea Investment Management AB lowered its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 16.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,616,025 shares of the technology company's stock after selling 328,519 shares during the quarter. Nordea Investment Management AB owned approximately 0.32% of Vipshop worth $23,966,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after purchasing an additional 1,965,244 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Vipshop during the 1st quarter worth about $427,000. Bank of New York Mellon Corp increased its position in shares of Vipshop by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company's stock worth $8,795,000 after purchasing an additional 22,204 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Vipshop during the 1st quarter worth about $27,051,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vipshop by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company's stock worth $6,994,000 after acquiring an additional 49,632 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VIPS shares. Weiss Ratings reissued a "hold (c)" rating on shares of Vipshop in a report on Wednesday, October 8th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Bank of America decreased their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Wall Street Zen raised shares of Vipshop from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Citigroup raised their target price on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Vipshop presently has an average rating of "Hold" and a consensus target price of $18.33.

Vipshop Trading Down 0.3%

Shares of NYSE VIPS opened at $18.75 on Friday. The firm has a market capitalization of $9.61 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. The firm's 50-day moving average is $18.06 and its 200-day moving average is $15.72. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year 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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