Swedbank AB Has $10.23 Million Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Swedbank AB lowered its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 759,227 shares of the technology company's stock after selling 250,000 shares during the quarter. Swedbank AB owned about 0.15% of Vipshop worth $10,227,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of VIPS. Venturi Wealth Management LLC bought a new stake in shares of Vipshop in the 3rd quarter worth approximately $56,000. Blue Trust Inc. lifted its holdings in shares of Vipshop by 140.6% in the 3rd 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. Atomi Financial Group Inc. lifted its holdings in shares of Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after purchasing an additional 1,191 shares during the last quarter. Polymer Capital Management HK LTD bought a new stake in shares of Vipshop in the 3rd quarter worth approximately $175,000. Finally, Quantinno Capital Management LP increased its position in Vipshop by 16.9% in the 3rd quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company's stock valued at $249,000 after acquiring an additional 2,284 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays assumed coverage on Vipshop in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 target price on the stock. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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 midday trading on Wednesday, hitting $14.40. The company's stock had a trading volume of 2,232,784 shares, compared to its average volume of 3,082,108. The firm has a market capitalization of $7.39 billion, a P/E ratio of 6.89, a PEG 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.

Vipshop Company 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.