Vipshop Holdings Limited $VIPS Position Lessened by Swedbank AB

Key Points

• Swedbank AB reduced its stake in Vipshop Holdings Limited by 20.8%, selling 39,300 shares during the second quarter, leaving it with 149,403 shares valued at approximately $2.25 million.
• Several other institutional investors have significantly increased their positions, including Mirae Asset Global Investments which grew its stake by over 3,500% in the first quarter.
• Analysts have mixed ratings on Vipshop, with target price adjustments ranging from $17.30 to $19.00, indicating a general sentiment of holding to buying among investment analysts.

Swedbank AB cut its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 20.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,403 shares of the technology company's stock after selling 39,300 shares during the quarter. Swedbank AB's holdings in Vipshop were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of VIPS. Baader Bank Aktiengesellschaft lifted its position in shares of Vipshop by 5.0% in the first quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company's stock worth $245,000 after purchasing an additional 755 shares in the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after acquiring an additional 1,046 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Vipshop by 2.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after acquiring an additional 1,165 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Vipshop by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company's stock valued at $682,000 after acquiring an additional 2,126 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Vipshop during the 1st quarter worth $35,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Bank of America reduced their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Citigroup upped their target price on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, Wall Street Zen raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note 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. Based on data from MarketBeat.com, Vipshop has an average rating of "Moderate Buy" and an average price target of $18.33.

Vipshop Stock Down 0.7%

Shares of Vipshop stock traded down $0.13 during trading hours on Monday, hitting $18.25. The company's stock had a trading volume of 1,485,364 shares, compared to its average volume of 2,620,631. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $18.91. The company has a market capitalization of $9.36 billion, a PE ratio of 9.92, a P/E/G ratio of 2.07 and a beta of 0.70. The business has a fifty day moving average of $16.61 and a 200 day moving average of $15.33.

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.