The Manufacturers Life Insurance Company Reduces Position in Vipshop Holdings Limited $VIPS

The Manufacturers Life Insurance Company trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 478,798 shares of the technology company’s stock after selling 259,195 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vipshop were worth $7,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VIPS. Quantinno Capital Management LP boosted its position in shares of Vipshop by 26.5% during the first quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after buying an additional 27,229 shares during the period. Lazard Asset Management LLC grew its stake in shares of Vipshop by 0.9% during the first quarter. Lazard Asset Management LLC now owns 970,371 shares of the technology company’s stock valued at $15,254,000 after buying an additional 8,470 shares during the last quarter. State of Wyoming raised its holdings in shares of Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after buying an additional 6,505 shares during the period. First Trust Advisors LP raised its holdings in shares of Vipshop by 48.3% in the first quarter. First Trust Advisors LP now owns 27,963 shares of the technology company’s stock worth $440,000 after buying an additional 9,106 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Vipshop by 12.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,366 shares of the technology company’s stock worth $179,000 after acquiring an additional 1,272 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIPS has been the subject of a number of recent analyst reports. UBS Group set a $18.50 price objective on Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Finally, Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

Vipshop Stock Up 0.2%

Shares of NYSE:VIPS opened at $15.58 on Wednesday. Vipshop Holdings Limited has a 52-week low of $12.65 and a 52-week high of $21.08. The stock has a market cap of $7.46 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 1.56 and a beta of 0.67. The business’s 50 day moving average is $14.03 and its 200 day moving average is $15.26.

About Vipshop

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.