BNP Paribas Financial Markets Sells 200,881 Shares of Vipshop Holdings Limited $VIPS

BNP Paribas Financial Markets decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,637,639 shares of the technology company’s stock after selling 200,881 shares during the quarter. BNP Paribas Financial Markets owned about 0.32% of Vipshop worth $28,970,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC grew its stake in shares of Vipshop by 24.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after purchasing an additional 3,426,079 shares during the period. Invesco Ltd. grew its position in Vipshop by 87.2% during the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after acquiring an additional 7,785,027 shares during the last quarter. Vanguard Group Inc. grew its position in Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after acquiring an additional 149,758 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Vipshop by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,467,566 shares of the technology company’s stock worth $166,182,000 after acquiring an additional 163,770 shares during the last quarter. Finally, State Street Corp grew its position in Vipshop by 2.1% during the 2nd quarter. State Street Corp now owns 7,147,094 shares of the technology company’s stock worth $107,564,000 after acquiring an additional 143,614 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $13.88 on Friday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 1.42 and a beta of 0.64. The business has a 50-day moving average of $14.76 and a 200-day moving average of $16.83. Vipshop Holdings Limited has a fifty-two week low of $13.62 and a fifty-two week high of $21.08.

Analysts Set New Price Targets

Several research analysts have issued reports on VIPS shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, February 27th. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, UBS Group set a $18.50 price target on Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Company 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.