Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lowered its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 27.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 199,070 shares of the technology company’s stock after selling 75,264 shares during the quarter. Vipshop accounts for about 2.1% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 9th largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Vipshop were worth $2,681,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lingohr Asset Management GmbH bought a new stake in shares of Vipshop in the third quarter valued at about $921,000. The Manufacturers Life Insurance Company raised its holdings in Vipshop by 76.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock valued at $955,000 after acquiring an additional 31,816 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vipshop by 179.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after acquiring an additional 2,558,896 shares during the period. FMR LLC grew its holdings in shares of Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after purchasing an additional 162,027 shares in the last quarter. Finally, Ariose Capital Management Ltd bought a new stake in shares of Vipshop during the third quarter valued at approximately $8,189,000. 48.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Finally, Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vipshop has an average rating of “Hold” and an average price target of $17.50.

Vipshop Stock Up 2.2 %

NYSE:VIPS opened at $14.72 on Monday. The firm has a market cap of $7.55 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 1.45 and a beta of 0.31. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The company’s 50-day moving average price is $13.49 and its two-hundred day moving average price is $13.82.

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.