Swedbank AB Sells 150,000 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Swedbank AB reduced its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,227 shares of the technology company’s stock after selling 150,000 shares during the quarter. Swedbank AB owned 0.19% of Vipshop worth $15,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of VIPS. Blue Trust Inc. raised its position in Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after buying an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Vipshop during the third quarter valued at approximately $56,000. Employees Retirement System of Texas lifted its position in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the period. National Bank of Canada FI purchased a new stake in Vipshop in the second quarter worth approximately $136,000. Finally, Atomi Financial Group Inc. boosted its holdings in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, Morgan Stanley dropped their price objective 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Down 3.0 %

NYSE VIPS opened at $13.14 on Wednesday. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19. The company has a market capitalization of $7.13 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34. The stock’s 50-day moving average price is $14.68 and its 200-day moving average price is $14.36.

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.