Bridgewater Associates LP Sells 6,869 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Bridgewater Associates LP lowered its position in Vipshop Holdings Limited (NYSE:VIPS) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 419,984 shares of the technology company’s stock after selling 6,869 shares during the period. Bridgewater Associates LP owned approximately 0.08% of Vipshop worth $6,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of VIPS. Quantbot Technologies LP boosted its holdings in Vipshop by 175.7% during the 3rd quarter. Quantbot Technologies LP now owns 85,841 shares of the technology company’s stock valued at $1,350,000 after acquiring an additional 54,700 shares during the period. FMR LLC increased its stake in Vipshop by 8.5% in the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after buying an additional 162,027 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Vipshop by 4.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,431 shares of the technology company’s stock valued at $1,202,000 after buying an additional 3,062 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Vipshop by 9.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 70,396 shares of the technology company’s stock valued at $1,107,000 after buying an additional 6,278 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Vipshop by 0.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after acquiring an additional 2,055 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup dropped their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and reduced their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.50.

Vipshop Stock Up 1.8 %

Shares of Vipshop stock opened at $13.81 on Friday. The company has a market cap of $7.09 billion, a P/E ratio of 6.49, a PEG ratio of 1.55 and a beta of 0.34. The firm’s 50 day moving average price is $14.70 and its 200-day moving average price is $14.33. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19.

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.