Aberdeen Group plc Cuts Holdings in Vipshop Holdings Limited $VIPS

Aberdeen Group plc lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,441 shares of the technology company’s stock after selling 31,629 shares during the period. Aberdeen Group plc’s holdings in Vipshop were worth $6,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIPS. Acadian Asset Management LLC grew its stake in Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after buying an additional 2,483,294 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Vipshop by 3,533.4% in the 1st 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 in the last quarter. Principal Financial Group Inc. purchased a new position in Vipshop in the 1st quarter worth approximately $27,051,000. Packer & Co Ltd purchased a new position in Vipshop in the 1st quarter worth approximately $24,292,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Vipshop by 13.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock worth $197,010,000 after buying an additional 1,456,862 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 0.9%

NYSE:VIPS opened at $18.84 on Friday. The company has a fifty day moving average of $17.99 and a 200 day moving average of $15.69. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08. The firm has a market capitalization of $9.66 billion, a P/E ratio of 10.24, a P/E/G ratio of 2.08 and a beta of 0.71.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Wednesday, October 8th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Citigroup boosted their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.33.

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.