Swiss National Bank Sells 78,800 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Swiss National Bank cut its Vipshop stake by 11.6%, selling 78,800 shares and retaining 602,436 shares worth approximately $9.47 million. Institutional investors collectively own 48.82% of VIPS.
• Analyst sentiment remains mixed but leans positive: Vipshop has a consensus “Moderate Buy” rating and an average price target of $20.68, despite ratings ranging from “Strong Buy” to “Sell.”
• Vipshop shares opened at $14.22, with a market capitalization of about $6.81 billion. The stock has traded between $12.65 and $21.08 over the past year and is down slightly relative to recent trading levels.

Swiss National Bank reduced its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 11.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 602,436 shares of the technology company's stock after selling 78,800 shares during the quarter. Swiss National Bank owned 0.13% of Vipshop worth $9,470,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VIPS. Packer & Co Ltd purchased a new position in Vipshop in the fourth quarter valued at about $27,406,000. Vanguard Group Inc. increased its stake in shares of Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company's stock worth $179,518,000 after purchasing an additional 149,758 shares during the last quarter. Step Capital Management Pte. Ltd. purchased a new stake in shares of Vipshop during the 4th quarter worth approximately $2,338,000. LSV Asset Management raised its holdings in shares of Vipshop by 7.5% in the 4th quarter. LSV Asset Management now owns 5,939,813 shares of the technology company's stock worth $105,075,000 after purchasing an additional 415,000 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Vipshop by 6.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,836,920 shares of the technology company's stock worth $32,496,000 after purchasing an additional 104,000 shares during the period. Institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Benchmark reiterated a "hold" rating on shares of Vipshop in a research note on Friday, May 22nd. Weiss Ratings downgraded Vipshop from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lowered their target price on Vipshop from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 31st. Wall Street Zen raised Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Bank of America reiterated an "underperform" rating on shares of Vipshop in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.68.

Vipshop Trading Down 0.2%

Shares of VIPS stock opened at $14.22 on Monday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 6.68, a PEG ratio of 1.43 and a beta of 0.67. The firm's 50 day moving average is $13.91 and its 200 day moving average is $15.41. Vipshop Holdings Limited has a 12 month low of $12.65 and a 12 month high of $21.08.

Vipshop Profile

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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