Vipshop Holdings Limited (NYSE:VIPS) Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 45.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,688,995 shares of the technology company's stock after selling 1,389,804 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of Vipshop worth $26,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new stake in Vipshop during the 3rd quarter worth $56,000. Employees Retirement System of Texas boosted its position in shares of Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after buying an additional 2,717 shares during the last quarter. Blue Trust Inc. boosted its holdings in Vipshop by 140.6% during the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock worth $133,000 after purchasing an additional 4,958 shares during the last quarter. National Bank of Canada FI purchased a new position in Vipshop in the second quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. lifted its holdings in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after purchasing an additional 702 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Up 0.8 %

Shares of VIPS stock traded up $0.10 during mid-day trading on Wednesday, reaching $13.10. The stock had a trading volume of 5,507,367 shares, compared to its average volume of 3,748,994. The business has a 50-day simple moving average of $13.70 and a 200 day simple moving average of $13.82. The company has a market cap of $6.72 billion, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19.

Analyst Ratings Changes

VIPS has been the subject of a number of research reports. Benchmark reissued a "hold" rating on shares of Vipshop in a research note on Wednesday, November 20th. Citigroup decreased their target price on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price objective for the company. Finally, StockNews.com lowered Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.50.

About Vipshop

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.