Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 16.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,340,435 shares of the technology company’s stock after selling 271,787 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.25% of Vipshop worth $21,085,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Lingohr Asset Management GmbH purchased a new position in shares of Vipshop during the 3rd quarter valued at approximately $921,000. The Manufacturers Life Insurance Company lifted its holdings in Vipshop by 76.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock valued at $955,000 after purchasing an additional 31,816 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Vipshop by 30.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after purchasing an additional 780,443 shares during the last quarter. SIH Partners LLLP acquired a new stake in shares of Vipshop in the second quarter valued at about $535,000. Finally, Ariose Capital Management Ltd acquired a new stake in shares of Vipshop in the third quarter valued at about $8,189,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.81 on Friday. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34. The business has a 50-day moving average of $14.71 and a 200 day moving average of $14.31. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19.

Analyst Ratings Changes

A number of research firms have recently issued reports on VIPS. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and dropped their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Morgan Stanley cut their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.50.

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.