National Bank of Canada FI Increases Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

National Bank of Canada FI increased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 3,647.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,799 shares of the technology company's stock after acquiring an additional 379,396 shares during the period. National Bank of Canada FI owned about 0.07% of Vipshop worth $6,132,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock valued at $46,000 after purchasing an additional 3,351 shares during the period. Venturi Wealth Management LLC bought a new position in Vipshop during the third quarter valued at about $56,000. Employees Retirement System of Texas increased its holdings in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock worth $60,000 after buying an additional 2,717 shares during the last quarter. Atomi Financial Group Inc. raised its position in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after acquiring an additional 702 shares during the period. Finally, Polymer Capital Management HK LTD purchased a new position in Vipshop in the third quarter valued at about $175,000. Institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley dropped their price objective on Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 20th. UBS Group downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. 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 report on Wednesday, November 20th. StockNews.com cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and an average price target of $17.50.

Vipshop Trading Down 0.5 %

NYSE VIPS traded down $0.07 during trading on Friday, hitting $13.66. The company had a trading volume of 1,076,323 shares, compared to its average volume of 3,855,105. The company's fifty day moving average is $14.40 and its 200-day moving average is $14.14. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 1.58 and a beta of 0.31.

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.