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

Swedbank AB cut 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 & Exchange Commission. The firm owned 1,009,227 shares of the technology company’s stock after selling 150,000 shares during the quarter. Swedbank AB’s holdings in Vipshop were worth $15,875,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Beijing Investment Ltd purchased a new position in shares of Vipshop in the third quarter worth $120,182,000. Krane Funds Advisors LLC lifted its stake in Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after purchasing an additional 2,659,117 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Vipshop by 155.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after purchasing an additional 2,117,902 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Vipshop by 30.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock valued at $43,996,000 after purchasing an additional 780,443 shares during the last quarter. Finally, Marathon Asset Management Ltd grew its position in shares of Vipshop by 14.9% during the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after purchasing an additional 570,869 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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 firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 1.49 and a beta of 0.34. The company has a fifty day moving average of $14.68 and a two-hundred day moving average of $14.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VIPS shares. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Citigroup cut their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Morgan Stanley decreased their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Finally, StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average price target of $17.50.

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.