Penserra Capital Management LLC Cuts Stake in Vipshop Holdings Limited (NYSE:VIPS)

Penserra Capital Management LLC cut its stake in Vipshop Holdings Limited (NYSE:VIPS) by 12.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 173,949 shares of the technology company’s stock after selling 24,845 shares during the period. Penserra Capital Management LLC’s holdings in Vipshop were worth $2,735,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Vipshop by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock valued at $227,772,000 after buying an additional 248,743 shares during the period. Bayesian Capital Management LP acquired a new stake in Vipshop during the first quarter worth about $515,000. California State Teachers Retirement System raised its holdings in shares of Vipshop by 18.0% in the 1st quarter. California State Teachers Retirement System now owns 178,624 shares of the technology company’s stock worth $2,956,000 after purchasing an additional 27,270 shares during the period. Swedbank AB acquired a new position in shares of Vipshop in the 1st quarter valued at about $19,185,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Vipshop during the 1st quarter worth about $232,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Shares of VIPS opened at $13.54 on Tuesday. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The stock has a 50-day moving average price of $14.68 and a 200 day moving average price of $14.36. The company has a market capitalization of $7.34 billion, a P/E ratio of 6.48, a P/E/G ratio of 1.49 and a beta of 0.34.

Analysts Set New Price Targets

VIPS has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Morgan Stanley reduced their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

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.