Vipshop Holdings Limited $VIPS Shares Sold by Hhlr Advisors LTD.

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. reduced its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 55.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 investment portfolio, making the stock its 9th biggest holding. Hhlr Advisors LTD. owned 1.30% of Vipshop worth $104,804,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wayfinding Financial LLC purchased a new position in Vipshop in the 1st quarter worth $35,000. Brooklyn Investment Group raised its stake in shares of Vipshop by 1,695.2% in the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after purchasing an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after purchasing an additional 1,046 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Vipshop during the first quarter worth about $62,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Vipshop in the first quarter valued at approximately $86,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VIPS shares. Zacks Research cut shares of Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Bank of America lowered their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Barclays cut their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Citigroup boosted their target price on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. 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 report on Monday, June 30th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Vipshop presently has a consensus rating of "Moderate Buy" and an average target price of $18.33.

Vipshop Stock Performance

Shares of NYSE VIPS traded up $0.19 during midday trading on Friday, reaching $17.16. 2,587,411 shares of the stock were exchanged, compared to its average volume of 3,431,813. The stock has a market capitalization of $8.80 billion, a P/E ratio of 9.32, a PEG ratio of 1.90 and a beta of 0.70. The company has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $15.12. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month 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.