JPMorgan Chase & Co. Has $26.57 Million Position in Vipshop Holdings Limited (NYSE:VIPS)

JPMorgan Chase & Co. decreased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 45.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,688,995 shares of the technology company’s stock after selling 1,389,804 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Vipshop worth $26,568,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VIPS. Bank of New York Mellon Corp lifted its position in shares of Vipshop by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 532,050 shares of the technology company’s stock worth $6,927,000 after purchasing an additional 39,686 shares during the period. National Bank of Canada FI acquired a new position in shares of Vipshop in the 2nd quarter valued at about $136,000. Caprock Group LLC bought a new stake in shares of Vipshop during the 2nd quarter valued at about $671,000. Headlands Technologies LLC grew its stake in Vipshop by 77.3% during the second quarter. Headlands Technologies LLC now owns 57,695 shares of the technology company’s stock worth $751,000 after purchasing an additional 25,157 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Vipshop by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 1,231,986 shares of the technology company’s stock worth $16,040,000 after buying an additional 76,322 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Down 1.2 %

NYSE VIPS opened at $13.04 on Wednesday. The business has a fifty day simple moving average of $13.70 and a 200 day simple moving average of $13.82. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The firm has a market capitalization of $6.69 billion, a P/E ratio of 6.24, a PEG ratio of 1.56 and a beta of 0.31.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VIPS. Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average 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.