Vipshop Holdings Limited $VIPS Holdings Decreased 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. reduced its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 1.1% during the 1st quarter, according to 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 period. Vanguard Group Inc. owned approximately 2.69% of Vipshop worth $216,601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VIPS. LPL Financial LLC lifted its stake in shares of Vipshop by 114.9% in 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 acquired a new position in Vipshop during the 4th quarter worth approximately $161,000. Marshall Wace LLP acquired a new position in Vipshop during the 4th quarter worth approximately $2,712,000. CANADA LIFE ASSURANCE Co lifted its position in Vipshop by 16.7% during 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 lifted its position in Vipshop by 14.0% during 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 institutional investors and hedge funds.

Vipshop Trading Down 1.7%

VIPS stock traded down $0.30 during midday trading on Monday, hitting $16.96. 2,116,515 shares of the company's stock were exchanged, compared to its average volume of 2,621,466. Vipshop Holdings Limited has a 12-month low of $11.93 and a 12-month high of $17.94. The firm has a 50 day moving average price of $15.55 and a 200-day moving average price of $15.03. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VIPS shares. Barclays reduced their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Bank of America reduced their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. reduced their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Finally, Citigroup boosted their price target on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.33.

Vipshop Profile

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.