Hsbc Holdings PLC Sells 1,196,459 Shares of Vipshop Holdings Limited $VIPS

Hsbc Holdings PLC lowered its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 34.0% in the 4th quarter, according to the company in its most recent filing 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 quarter. Hsbc Holdings PLC owned about 0.45% of Vipshop worth $41,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Packer & Co Ltd bought a new stake in shares of Vipshop during the 4th quarter valued at $27,406,000. Vanguard Group Inc. boosted its stake in Vipshop by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares during the period. Step Capital Management Pte. Ltd. purchased a new position in Vipshop during the 4th quarter valued at about $2,338,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Vipshop during the 3rd quarter valued at about $4,971,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Vipshop by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 8,467,566 shares of the technology company’s stock valued at $166,182,000 after buying an additional 163,770 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VIPS shares. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. UBS Group set a $18.50 target price on shares of Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings cut 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 target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Bank of America restated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vipshop has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Vipshop Price Performance

Shares of VIPS opened at $13.27 on Monday. The firm’s 50 day simple moving average is $13.98 and its 200 day simple moving average is $15.91. The company has a market capitalization of $6.35 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.33 and a beta of 0.67. Vipshop Holdings Limited has a 1-year low of $12.65 and a 1-year high of $21.08.

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.