Robeco Institutional Asset Management B.V. Reduces Stake in Vipshop Holdings Limited $VIPS

Key Points

• Robeco Institutional Asset Management B.V. has decreased its stake in Vipshop Holdings Limited by 5.4%, now holding approximately 11.88 million shares valued at $178.8 million.
• Several institutional investors, including Acadian Asset Management LLC and Krane Funds Advisors LLC, have increased their stakes in Vipshop, indicating a mixed sentiment among hedge funds.
• Analysts have varied opinions on Vipshop, with the consensus rating being a "Moderate Buy" and an average price target of $18.33, despite some firms lowering their ratings and price targets recently.

Robeco Institutional Asset Management B.V. lowered its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,881,391 shares of the technology company's stock after selling 683,026 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 2.32% of Vipshop worth $178,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in shares of Vipshop by 17.4% during the first 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. Krane Funds Advisors LLC boosted its position in shares of Vipshop by 7.8% during the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock valued at $248,357,000 after buying an additional 1,148,307 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock valued at $130,731,000 after buying an additional 267,398 shares during the period. Invesco Ltd. boosted its position in shares of Vipshop by 5.3% during the first quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company's stock valued at $128,110,000 after buying an additional 411,102 shares during the period. Finally, Orbis Allan Gray Ltd boosted its position in shares of Vipshop by 18.3% during the first quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company's stock valued at $109,904,000 after buying an additional 1,084,345 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

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

Vipshop Stock Up 5.4%

Shares of NYSE:VIPS opened at $20.69 on Thursday. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $20.71. The firm has a 50 day moving average of $17.07 and a 200 day moving average of $15.46.

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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