Swedbank AB Sells 150,000 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Swedbank AB decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,009,227 shares of the technology company's stock after selling 150,000 shares during the quarter. Swedbank AB owned about 0.19% of Vipshop worth $15,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Atomi Financial Group Inc. boosted its holdings 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 in the last quarter. Signaturefd LLC lifted its position in shares of Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock valued at $263,000 after acquiring an additional 817 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake 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 acquiring an additional 954 shares during the period. National Pension Service grew its position in shares of Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company's stock worth $1,686,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Vipshop by 19.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,698 shares of the technology company's stock valued at $204,000 after purchasing an additional 2,528 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Performance

Shares of NYSE:VIPS traded up $0.54 during midday trading on Wednesday, reaching $13.68. The company had a trading volume of 998,558 shares, compared to its average volume of 3,918,103. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34. The company has a fifty day simple moving average of $14.68 and a two-hundred day simple moving average of $14.34.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VIPS. UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com downgraded Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Morgan Stanley lowered their price objective on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 20th. Citigroup lowered their price target 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. Finally, Benchmark restated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Vipshop 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.