Hsbc Holdings PLC cut its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,018,694 shares of the technology company's stock after selling 20,668 shares during the quarter. Hsbc Holdings PLC owned approximately 0.78% of Vipshop worth $63,013,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Vipshop by 3,533.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock valued at $310,000 after purchasing an additional 1,965,244 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Vipshop in the first quarter valued at about $27,051,000. Packer & Co Ltd purchased a new position in Vipshop in the first quarter valued at about $24,292,000. Robeco Institutional Asset Management B.V. increased its position in shares of Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after acquiring an additional 1,456,862 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Vipshop by 91.2% during the fourth quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock worth $34,909,000 after acquiring an additional 1,236,106 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.
Vipshop Price Performance
Vipshop stock traded down $0.28 during mid-day trading on Wednesday, reaching $16.84. The stock had a trading volume of 510,619 shares, compared to its average volume of 3,481,929. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $17.94. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.89 and a beta of 0.54. The company has a 50-day moving average price of $15.59 and a two-hundred day moving average price of $15.04.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on VIPS shares. JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Bank of America reduced their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Citigroup raised their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Barclays dropped their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.33.
Check Out Our Latest Stock Analysis on Vipshop
Vipshop Profile
(
Free Report)
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.
See Also
Before you consider Vipshop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vipshop wasn't on the list.
While Vipshop currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access