Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,412 shares of the technology company’s stock after selling 3,170 shares during the quarter. Financial Counselors Inc.’s holdings in Vipshop were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after purchasing an additional 3,351 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Vipshop during the third quarter worth about $56,000. Employees Retirement System of Texas increased its stake in shares of Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after buying an additional 2,717 shares during the period. National Bank of Canada FI acquired a new stake in Vipshop in the second quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. lifted its stake in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Up 1.8 %

Shares of VIPS opened at $13.81 on Monday. The company’s 50 day simple moving average is $14.71 and its 200-day simple moving average is $14.30. The firm has a market cap of $7.09 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 1.58 and a beta of 0.34. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VIPS. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Morgan Stanley cut their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Citigroup lowered their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.