Vipshop Holdings Limited $VIPS Holdings Decreased by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 34.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,318,330 shares of the technology company’s stock after selling 1,196,459 shares during the period. Hsbc Holdings PLC owned approximately 0.45% of Vipshop worth $41,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Vipshop by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Vipshop by 24.2% during the second quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock worth $678,000 after purchasing an additional 8,779 shares during the period. Jump Financial LLC acquired a new stake in shares of Vipshop during the second quarter worth approximately $505,000. California Public Employees Retirement System grew its position in Vipshop by 9.6% during the second quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock valued at $10,063,000 after purchasing an additional 58,820 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Vipshop by 14.1% during the second quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock valued at $632,000 after purchasing an additional 5,200 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Shares of VIPS opened at $13.21 on Wednesday. The firm has a market cap of $6.33 billion, a PE ratio of 6.20, a PEG ratio of 1.33 and a beta of 0.64. The firm’s 50 day moving average price is $14.27 and its 200 day moving average price is $16.29. Vipshop Holdings Limited has a twelve month low of $13.00 and a twelve month high of $21.08.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VIPS. UBS Group set a $18.50 target price on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Bank of America restated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. cut their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vipshop currently has a consensus rating of “Moderate Buy” and an average 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.