Vipshop Holdings Limited (NYSE:VIPS) Stock Holdings Cut by Virtus Fund Advisers LLC

Virtus Fund Advisers LLC decreased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 73.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,684 shares of the technology company's stock after selling 44,309 shares during the quarter. Vipshop makes up approximately 1.0% of Virtus Fund Advisers LLC's portfolio, making the stock its 8th biggest position. Virtus Fund Advisers LLC's holdings in Vipshop were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Atomi Financial Group Inc. lifted its holdings in shares of Vipshop by 6.8% during the third 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 during the period. Signaturefd LLC lifted its holdings in Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock worth $263,000 after buying an additional 817 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company's stock worth $770,000 after buying an additional 954 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Vipshop by 0.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company's stock valued at $4,691,000 after buying an additional 2,055 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Vipshop by 2.0% in the third quarter. National Pension Service now owns 107,152 shares of the technology company's stock valued at $1,686,000 after buying an additional 2,074 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of VIPS traded down $0.15 during trading hours on Friday, hitting $13.09. The stock had a trading volume of 2,049,291 shares, compared to its average volume of 3,013,018. The firm has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $14.19. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a market capitalization of $6.72 billion, a P/E ratio of 6.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.31.

Analyst Ratings Changes

VIPS has been the topic of a number of recent analyst reports. CLSA lowered Vipshop from an "outperform" rating to a "hold" rating and cut their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Morgan Stanley reduced their price objective on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 20th. Barclays started 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. Benchmark restated a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Citigroup decreased their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.