Vipshop Holdings Limited $VIPS Holdings Trimmed by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Vipshop Holdings by 4.8%, leaving them with 386,332 shares valued at approximately $5.76 million.
• Recent trading saw Vipshop's stock open at $18.35, with a market cap of $9.41 billion and a PE ratio of 9.97.
• Analysts have mixed sentiments, with reports showing a shift from "hold" to "buy" ratings, while others have adjusted price targets for the stock.

DekaBank Deutsche Girozentrale trimmed its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,332 shares of the technology company's stock after selling 19,515 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Vipshop worth $5,760,000 as of its most recent SEC filing.

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

Vipshop Stock Down 0.2%

Shares of Vipshop stock opened at $18.35 on Friday. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08. The business has a fifty day simple moving average of $18.28 and a 200 day simple moving average of $15.87. The stock has a market cap of $9.41 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VIPS. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vipshop in a report on Friday. Wall Street Zen upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday, October 18th. Citigroup raised their target price on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Bank of America cut their price objective on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. Finally, Zacks Research cut Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Vipshop has an average rating of "Hold" and an average target price of $18.33.

Vipshop Company 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.

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