Aberdeen Group plc Sells 264,269 Shares of Vipshop Holdings Limited $VIPS

Aberdeen Group plc cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 36.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 459,070 shares of the technology company’s stock after selling 264,269 shares during the quarter. Aberdeen Group plc’s holdings in Vipshop were worth $7,198,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Vipshop by 3,533.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock worth $310,000 after buying an additional 1,965,244 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Vipshop during the first quarter worth approximately $427,000. Bank of New York Mellon Corp lifted its holdings in shares of Vipshop by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company’s stock worth $8,795,000 after buying an additional 22,204 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Vipshop during the first quarter worth approximately $27,051,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Vipshop by 66.6% during the first quarter. Harvest Fund Management Co. Ltd now owns 216,491 shares of the technology company’s stock worth $3,103,000 after buying an additional 86,548 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Up 0.4%

Shares of NYSE VIPS opened at $16.6710 on Thursday. The business has a fifty day simple moving average of $15.42 and a 200 day simple moving average of $14.97. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.85 and a beta of 0.54. Vipshop Holdings Limited has a one year low of $11.67 and a one year high of $17.94.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America cut their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a report on Friday, July 18th. JPMorgan Chase & Co. cut their price target on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Barclays cut their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. Finally, Citigroup upped their target price on Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vipshop has an average rating of “Moderate Buy” and a consensus target price of $18.33.

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.