State Street Corp Sells 183,123 Shares of Vipshop Holdings Limited (NYSE:VIPS)

State Street Corp reduced its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 2.4% during the third quarter, HoldingsChannel reports. The firm owned 7,329,729 shares of the technology company’s stock after selling 183,123 shares during the period. State Street Corp’s holdings in Vipshop were worth $115,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Beijing Investment Ltd bought a new position in Vipshop in the third quarter valued at about $120,182,000. Krane Funds Advisors LLC lifted its holdings in Vipshop by 20.3% in the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after acquiring an additional 2,659,117 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after acquiring an additional 2,558,896 shares during the period. Hsbc Holdings PLC lifted its holdings in Vipshop by 155.0% in the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after acquiring an additional 2,117,902 shares during the period. Finally, Hhlr Advisors LTD. lifted its holdings in Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after acquiring an additional 914,322 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 0.9 %

NYSE:VIPS opened at $13.61 on Monday. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The stock has a 50-day moving average price of $14.32 and a 200 day moving average price of $14.09. The stock has a market capitalization of $6.99 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.56 and a beta of 0.31.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VIPS. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley decreased their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and a consensus price target of $17.50.

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.