Hhlr Advisors LTD. Sells 8,196,101 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Hhlr Advisors LTD. has reduced its stake in Vipshop Holdings Limited by 55.1%, now owning about 1.30% of the company valued at approximately $104.8 million.
• Recent analyst reports have resulted in mixed ratings for Vipshop, with price targets ranging from $17.30 to $19.00, reflecting a current average target price of $18.33.
• As of the latest report, Vipshop has a market cap of $8.60 billion and significant institutional ownership, accounting for 48.82% of the stock.

Hhlr Advisors LTD. lowered its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 55.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,683,901 shares of the technology company's stock after selling 8,196,101 shares during the period. Vipshop makes up approximately 3.0% of Hhlr Advisors LTD.'s portfolio, making the stock its 9th largest position. Hhlr Advisors LTD. owned about 1.30% of Vipshop worth $104,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its position in Vipshop by 5.0% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company's stock valued at $245,000 after buying an additional 755 shares during the period. Atlas Capital Advisors Inc. boosted its position in 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 during the period. Asset Management One Co. Ltd. boosted its position in Vipshop by 2.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after buying an additional 1,165 shares during the period. Envestnet Asset Management Inc. boosted its position in Vipshop by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company's stock valued at $682,000 after buying an additional 2,126 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Vipshop in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Trading Up 1.1%

NYSE:VIPS traded up $0.19 during midday trading on Friday, hitting $17.16. 2,587,411 shares of the company were exchanged, compared to its average volume of 2,421,650. The company has a fifty day simple moving average of $15.92 and a 200 day simple moving average of $15.13. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $17.94. The company has a market capitalization of $8.80 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.70.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several recent research reports. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Zacks Research cut shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Citigroup lifted their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Finally, Bank of America decreased their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.