B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 59,546 Vipshop Holdings Limited (NYSE:VIPS)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 59,546 shares of the technology company's stock, valued at approximately $937,000.

Other hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. grew its stake in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after acquiring an additional 702 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock worth $263,000 after purchasing an additional 817 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Vipshop by 2.0% in the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company's stock worth $770,000 after buying an additional 954 shares in the last quarter. National Pension Service boosted its stake in Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company's stock valued at $1,686,000 after buying an additional 2,074 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Vipshop by 19.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,698 shares of the technology company's stock worth $204,000 after buying an additional 2,528 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Down 1.8 %

Shares of NYSE:VIPS traded down $0.24 during trading on Friday, hitting $13.24. The stock had a trading volume of 3,169,745 shares, compared to its average volume of 2,757,818. The company has a market capitalization of $7.18 billion, a PE ratio of 6.33, a PEG ratio of 1.49 and a beta of 0.34. The firm's fifty day moving average is $14.66 and its 200 day moving average is $14.39. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays initiated coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target on the stock. CLSA cut Vipshop from an "outperform" rating to a "hold" rating and cut their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday. UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, Citigroup cut their price objective on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Vipshop presently has a consensus rating of "Hold" and an average target price 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.