Intech Investment Management LLC Sells 30,717 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Intech Investment Management LLC decreased its position in Vipshop Holdings Limited (NYSE:VIPS) by 27.3% during the 3rd quarter, Holdings Channel reports. The firm owned 81,727 shares of the technology company’s stock after selling 30,717 shares during the quarter. Intech Investment Management LLC’s holdings in Vipshop were worth $1,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VIPS. Blue Trust Inc. grew its stake in Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after buying an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Vipshop during the 3rd quarter worth approximately $56,000. Employees Retirement System of Texas increased its holdings in Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares in the last quarter. National Bank of Canada FI acquired a new position in Vipshop in the second quarter worth $136,000. Finally, Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Down 3.0 %

VIPS stock opened at $13.14 on Wednesday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The business’s fifty day moving average is $14.68 and its 200-day moving average is $14.36. The company has a market cap of $7.13 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34.

Wall Street Analyst Weigh In

VIPS has been the subject of a number of research analyst reports. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Barclays started coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Citigroup dropped their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, 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 report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop 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.