Swiss National Bank Reduces Stake in Vipshop Holdings Limited $VIPS

Swiss National Bank lowered its stake in Vipshop Holdings Limited (NYSE:VIPS) by 11.6% in the 1st quarter, Holdings Channel reports. The firm owned 602,436 shares of the technology company’s stock after selling 78,800 shares during the quarter. Swiss National Bank’s holdings in Vipshop were worth $9,470,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Packer & Co Ltd bought a new stake in shares of Vipshop during the fourth quarter valued at about $27,406,000. Vanguard Group Inc. boosted its position in shares of Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after acquiring an additional 149,758 shares during the period. Step Capital Management Pte. Ltd. bought a new position in shares of Vipshop in the fourth quarter valued at approximately $2,338,000. LSV Asset Management grew its stake in Vipshop by 7.5% during the fourth quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock valued at $105,075,000 after acquiring an additional 415,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Vipshop by 6.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,836,920 shares of the technology company’s stock valued at $32,496,000 after acquiring an additional 104,000 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Trading Down 0.2%

VIPS stock opened at $14.22 on Monday. The company’s 50 day moving average is $13.91 and its 200 day moving average is $15.41. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Vipshop Holdings Limited has a 1-year low of $12.65 and a 1-year high of $21.08.

Analyst Ratings Changes

A number of analysts recently weighed in on VIPS shares. UBS Group set a $18.50 target price on shares of Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.68.

Vipshop Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.