Todd Asset Management LLC Sells 267,846 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Key Points

• Todd Asset Management LLC reduced its stake in Vipshop Holdings by 12.7%, selling 267,846 shares during the first quarter, leaving them with approximately 1.84 million shares valued at nearly $28.9 million.
• Several institutional investors, including Nuveen LLC and Invesco Ltd., have recently adjusted their positions in Vipshop, indicating increased activity among investors in the company's stock.
• Analysts have lowered their price targets for Vipshop, with Barclays setting a new target at $19.00 and JPMorgan at $18.00, while the consensus rating remains a "Hold".

Todd Asset Management LLC decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 12.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,842,864 shares of the technology company's stock after selling 267,846 shares during the period. Todd Asset Management LLC owned approximately 0.36% of Vipshop worth $28,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VIPS. Wayfinding Financial LLC bought a new stake in shares of Vipshop in the 1st quarter valued at $35,000. Atlas Capital Advisors Inc. increased its position in shares of Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after buying an additional 1,046 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Vipshop in the 1st quarter valued at $62,000. AM Investment Strategies LLC bought a new stake in shares of Vipshop in the 1st quarter valued at $157,000. Finally, Jump Financial LLC bought a new position in Vipshop during the 4th quarter worth about $161,000. Institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

VIPS has been the subject of a number of research reports. Barclays lowered their target price on 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. lowered their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Bank of America lowered their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.83.

Vipshop Trading Up 4.1%

Shares of NYSE VIPS traded up $0.64 during mid-day trading on Wednesday, hitting $16.34. The company had a trading volume of 4,158,725 shares, compared to its average volume of 2,314,375. The company has a market capitalization of $8.38 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.75 and a beta of 0.54. The firm has a 50-day simple moving average of $15.22 and a two-hundred day simple moving average of $14.90. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94.

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.