KBC Group NV Has $1.17 Million Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

KBC Group NV cut its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 84.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 86,879 shares of the technology company's stock after selling 487,064 shares during the period. KBC Group NV's holdings in Vipshop were worth $1,170,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIPS. Blue Trust Inc. increased its stake in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after purchasing an additional 1,487 shares during the period. Atomi Financial Group Inc. boosted its position in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after acquiring an additional 1,191 shares during the period. Ritholtz Wealth Management grew its stake in shares of Vipshop by 27.2% in the fourth quarter. Ritholtz Wealth Management now owns 136,360 shares of the technology company's stock worth $1,837,000 after purchasing an additional 29,192 shares in the last quarter. DGS Capital Management LLC increased its holdings in shares of Vipshop by 9.4% during the third quarter. DGS Capital Management LLC now owns 46,235 shares of the technology company's stock valued at $727,000 after purchasing an additional 3,982 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Vipshop by 5.3% during the third quarter. Franklin Resources Inc. now owns 382,922 shares of the technology company's stock valued at $6,299,000 after purchasing an additional 19,367 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VIPS shares. Barclays initiated coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 target price on the stock. StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a report on Monday. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup dropped their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $17.50.

Vipshop Stock Down 3.0 %

Shares of Vipshop stock traded down $0.45 during trading on Wednesday, hitting $14.40. The stock had a trading volume of 2,232,784 shares, compared to its average volume of 3,082,108. The company has a market capitalization of $7.39 billion, a PE ratio of 6.89, a P/E/G ratio of 1.50 and a beta of 0.30. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The stock has a 50 day simple moving average of $13.67 and a 200 day simple moving average of $13.86.

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.