Profund Advisors LLC Has $274,000 Stake in Vipshop Holdings Limited $VIPS

Profund Advisors LLC cut its position in Vipshop Holdings Limited (NYSE:VIPS) by 34.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,218 shares of the technology company’s stock after selling 9,397 shares during the quarter. Profund Advisors LLC’s holdings in Vipshop were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIPS. Farther Finance Advisors LLC raised its position in Vipshop by 209.2% during the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,726 shares in the last quarter. Brooklyn Investment Group grew its position in Vipshop by 1,695.2% in the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,475 shares during the last quarter. Hantz Financial Services Inc. increased its position in Vipshop by 1,187.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,027 shares in the last quarter. Huntington National Bank grew its stake in shares of Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after buying an additional 1,163 shares during the last quarter. Finally, Atlas Capital Advisors Inc. grew its stake in shares of Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after buying an additional 1,046 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Trading Down 1.6%

Shares of VIPS opened at $19.40 on Friday. The firm’s fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $16.52. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08. The stock has a market capitalization of $9.95 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VIPS. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Citigroup lifted their target price 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 cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vipshop in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.33.

Vipshop Company 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.