Vipshop Holdings Limited $VIPS Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. sold 147,588 shares of Vipshop Holdings Limited, reducing its holdings by 1.1% to approximately 13.8 million shares, valued at $216.6 million.
• Vipshop's stock performance shows a 52-week range of $11.50 to $17.94 with a current market price of $16.58 and an average consensus rating of "Hold" from analysts.
• Multiple institutional investors have recently bought stakes in Vipshop, increasing institutional ownership to 48.82% of the company's stock.

Vanguard Group Inc. trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,813,814 shares of the technology company's stock after selling 147,588 shares during the quarter. Vanguard Group Inc. owned approximately 2.69% of Vipshop worth $216,601,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VIPS. LPL Financial LLC increased its holdings in shares of Vipshop by 114.9% during the 4th quarter. LPL Financial LLC now owns 24,164 shares of the technology company's stock valued at $325,000 after purchasing an additional 12,919 shares in the last quarter. Jump Financial LLC purchased a new stake in Vipshop in the 4th quarter worth $161,000. Marshall Wace LLP purchased a new stake in Vipshop in the 4th quarter worth $2,712,000. CANADA LIFE ASSURANCE Co increased its holdings in Vipshop by 16.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 914,058 shares of the technology company's stock worth $12,296,000 after acquiring an additional 130,737 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Vipshop by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock worth $108,608,000 after acquiring an additional 993,042 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Trading Up 1.8%

VIPS traded up $0.3050 on Friday, hitting $17.2650. 2,419,115 shares of the company's stock were exchanged, compared to its average volume of 2,559,580. Vipshop Holdings Limited has a fifty-two week low of $11.93 and a fifty-two week high of $17.94. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $15.01. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.89 and a beta of 0.54.

Analysts Set New Price Targets

Several brokerages recently commented on VIPS. Barclays cut their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of 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 lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Bank of America cut their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Citigroup boosted their price target on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.