Swiss National Bank Has $11.63 Million Stock Holdings in Vipshop Holdings Limited $VIPS

Key Points

• Swiss National Bank reduced its stake in Vipshop Holdings Limited by 4.1%, now owning 741,936 shares valued at approximately $11.63 million.
• Institutional investors collectively hold 48.82% of Vipshop's stock, with various hedge funds recently acquiring new stakes in the company.
• Currently, Vipshop has a consensus rating of "Hold" among analysts, with an average target price of $15.97.

Swiss National Bank decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 741,936 shares of the technology company's stock after selling 31,900 shares during the quarter. Swiss National Bank owned approximately 0.14% of Vipshop worth $11,634,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Krane Funds Advisors LLC boosted its holdings in shares of Vipshop by 7.8% during the 1st quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock worth $248,357,000 after buying an additional 1,148,307 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Vipshop by 13.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after buying an additional 1,456,862 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 993,042 shares during the period. LSV Asset Management boosted its holdings in shares of Vipshop by 1.8% during the 1st quarter. LSV Asset Management now owns 4,987,113 shares of the technology company's stock worth $78,198,000 after buying an additional 90,400 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Vipshop by 3.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,490,590 shares of the technology company's stock worth $70,412,000 after purchasing an additional 135,592 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

VIPS has been the subject of several analyst reports. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Bank of America cut their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Citigroup boosted their price target on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday. Barclays cut their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.97.

Vipshop Stock Down 0.4%

Shares of NYSE:VIPS traded down $0.07 during midday trading on Monday, hitting $16.90. The stock had a trading volume of 1,746,620 shares, compared to its average volume of 3,521,144. The company's 50-day moving average price is $15.32 and its 200-day moving average price is $14.93. The company has a market capitalization of $8.66 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94.

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.