BNP Paribas Financial Markets Sells 271,787 Shares of Vipshop Holdings Limited (NYSE:VIPS)

BNP Paribas Financial Markets cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340,435 shares of the technology company's stock after selling 271,787 shares during the period. BNP Paribas Financial Markets owned about 0.25% of Vipshop worth $21,085,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Krane Funds Advisors LLC lifted its position in shares of Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock worth $204,901,000 after purchasing an additional 2,659,117 shares during the last quarter. First Beijing Investment Ltd bought a new position in Vipshop in the third quarter worth about $120,182,000. Dimensional Fund Advisors LP lifted its holdings in Vipshop by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company's stock worth $87,771,000 after acquiring an additional 343,739 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Vipshop by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company's stock worth $85,399,000 after acquiring an additional 184,000 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Vipshop by 8.1% in the second quarter. LSV Asset Management now owns 5,312,513 shares of the technology company's stock worth $69,169,000 after acquiring an additional 397,852 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays initiated coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price objective on the stock. Benchmark restated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. CLSA cut shares of Vipshop from an "outperform" rating to a "hold" rating and lowered their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, Citigroup decreased 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Vipshop currently has a consensus rating of "Hold" and an average target price of $17.50.

Vipshop Stock Performance

NYSE VIPS traded up $0.24 during trading hours on Friday, hitting $13.81. 1,876,550 shares of the company traded hands, compared to its average volume of 3,045,732. The business's 50-day moving average is $14.71 and its 200-day moving average is $14.30. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 1.58 and a beta of 0.34.

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.