Rhumbline Advisers Lowers Stock Holdings in Vipshop Holdings Limited $VIPS

Key Points

• Rhumbline Advisers reduced its holdings in Vipshop Holdings Limited by 21.4%, owning 51,575 shares valued at $809,000 after selling 14,047 shares in the first quarter.
• Vipshop's stock is currently trading at $18.38, with a market cap of $9.42 billion and a P/E ratio of 9.99, amid a 12-month trading range of $12.14 to $18.91.
• Analyst ratings for Vipshop include a recent upgrade from Citigroup, increasing their target price to $19.00, while Zacks Research downgraded it from "strong-buy" to "hold."

Rhumbline Advisers cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 21.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,575 shares of the technology company's stock after selling 14,047 shares during the period. Rhumbline Advisers' holdings in Vipshop were worth $809,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Strs Ohio acquired a new position in Vipshop during the first quarter worth $399,000. Acadian Asset Management LLC lifted its holdings in shares of Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock valued at $262,757,000 after buying an additional 2,483,294 shares during the period. Caxton Associates LLP purchased a new position in shares of Vipshop in the 1st quarter valued at about $1,653,000. Goldman Sachs Group Inc. boosted its position in Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company's stock worth $77,326,000 after purchasing an additional 1,126,983 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Vipshop by 33.3% during the 1st quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company's stock valued at $21,748,000 after acquiring an additional 346,374 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock.

Vipshop Trading Down 0.7%

Shares of NYSE:VIPS traded down $0.13 during mid-day trading on Monday, reaching $18.25. The company had a trading volume of 1,485,364 shares, compared to its average volume of 2,620,631. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $18.91. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 2.07 and a beta of 0.70. The company's 50-day moving average price is $16.61 and its 200-day moving average price is $15.33.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective 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 upgraded Vipshop from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Citigroup raised their target price on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Zacks Research lowered Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Vipshop currently has a consensus rating of "Moderate Buy" and an average price target of $18.33.

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.