US Bancorp DE Has $1.97 Million Holdings in Vipshop Holdings Limited $VIPS

Key Points

• US Bancorp DE reduced its stake in Vipshop Holdings Limited by 23.0%, now owning 131,027 shares valued at approximately $1.97 million, according to its latest SEC filing.
• Recent analysts' ratings show mixed sentiments, with Citigroup raising Vipshop's target price from $17.00 to $19.00, while Zacks lowered its rating from "strong-buy" to "hold."
• Vipshop Holdings Limited operates online platforms in China and has a market cap of $9.59 billion, with shares recently opening at $18.70, showcasing a 52-week range between $12.14 and $21.08.

US Bancorp DE cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 23.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,027 shares of the technology company's stock after selling 39,145 shares during the quarter. US Bancorp DE's holdings in Vipshop were worth $1,972,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Vipshop during the first quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its holdings in shares of Vipshop by 209.2% during the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock worth $38,000 after buying an additional 1,726 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after buying an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. lifted its holdings in shares of Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after buying an additional 1,046 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Vipshop in the first quarter valued at $86,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of VIPS stock opened at $18.70 on Thursday. The stock's fifty day moving average is $17.92 and its 200-day moving average is $15.67. The stock has a market capitalization of $9.59 billion, a PE ratio of 10.16, a PEG ratio of 2.03 and a beta of 0.71. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup upped their target price on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Weiss Ratings restated a "hold (c)" rating on shares of Vipshop in a research note on Wednesday, October 8th. Zacks Research lowered Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Bank of America cut their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Vipshop currently has a consensus rating of "Hold" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.