Vipshop Holdings Limited $VIPS Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,435,859 shares of the technology company’s stock after selling 49,945 shares during the period. Legal & General Group Plc owned 0.48% of Vipshop worth $43,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in Vipshop by 127.1% during the fourth quarter. Hantz Financial Services Inc. now owns 18,538 shares of the technology company’s stock worth $328,000 after purchasing an additional 10,375 shares during the last quarter. Todd Asset Management LLC increased its position in Vipshop by 5.8% during the fourth quarter. Todd Asset Management LLC now owns 2,766,841 shares of the technology company’s stock worth $48,946,000 after purchasing an additional 151,732 shares during the last quarter. Swedbank AB increased its position in shares of Vipshop by 4.2% in the fourth quarter. Swedbank AB now owns 163,323 shares of the technology company’s stock worth $2,889,000 after acquiring an additional 6,600 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Vipshop in the fourth quarter worth $1,565,000. Finally, LSV Asset Management increased its position in shares of Vipshop by 7.5% in the fourth quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock worth $105,075,000 after acquiring an additional 415,000 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analysts Set New Price Targets

VIPS has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Finally, Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.20.

Vipshop Stock Down 2.4%

Vipshop stock opened at $14.16 on Friday. Vipshop Holdings Limited has a 52-week low of $13.35 and a 52-week high of $21.08. The firm has a fifty day moving average of $14.86 and a 200-day moving average of $17.00. The firm has a market capitalization of $6.78 billion, a P/E ratio of 6.65, a PEG ratio of 1.17 and a beta of 0.67.

Vipshop 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.