Robeco Institutional Asset Management B.V. Sells 683,026 Shares of Vipshop Holdings Limited $VIPS

Robeco Institutional Asset Management B.V. decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 5.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,881,391 shares of the technology company’s stock after selling 683,026 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Vipshop were worth $178,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Baader Bank Aktiengesellschaft boosted its stake in shares of Vipshop by 5.0% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company’s stock worth $245,000 after acquiring an additional 755 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Vipshop by 2.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company’s stock worth $856,000 after purchasing an additional 1,165 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Vipshop by 209.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,726 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Vipshop by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company’s stock worth $682,000 after purchasing an additional 2,126 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research report on Friday, July 18th. Citigroup upped their price target on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. reduced their price target on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Finally, Zacks Research downgraded shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Vipshop Trading Up 5.4%

VIPS stock opened at $20.69 on Thursday. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 2.21 and a beta of 0.71. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $20.71. The firm has a 50-day moving average of $17.07 and a two-hundred day moving average of $15.46.

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.