Victory Capital Management Inc. Decreases Stake in Vipshop Holdings Limited (NYSE:VIPS)

Victory Capital Management Inc. decreased its holdings in Vipshop Holdings Limited (NYSE:VIPSFree Report) by 21.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,126 shares of the technology company’s stock after selling 20,446 shares during the quarter. Victory Capital Management Inc.’s holdings in Vipshop were worth $1,150,000 as of its most recent filing with the SEC.

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

Vipshop Trading Down 3.0 %

Shares of VIPS stock opened at $13.14 on Wednesday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The company 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 firm has a 50-day moving average price of $14.68 and a 200 day moving average price of $14.36.

Analyst Ratings Changes

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

Get Our Latest Stock Report on Vipshop

About Vipshop

(Free Report)

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.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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