Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 32.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 422,416 shares of the technology company's stock after selling 203,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Vipshop worth $6,645,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 3,351 shares during the period. Venturi Wealth Management LLC purchased a new position in Vipshop in the third quarter valued at about $56,000. Employees Retirement System of Texas lifted its position in shares of 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 purchasing an additional 2,717 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Vipshop during the second quarter worth about $136,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after buying an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VIPS. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target for the company. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Benchmark restated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup lowered their price objective on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Finally, CLSA cut shares of Vipshop from an "outperform" rating to a "hold" rating and cut their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $17.50.

Vipshop Price Performance

Shares of NYSE VIPS traded down $0.07 during midday trading on Monday, hitting $13.74. 2,497,276 shares of the company's stock were exchanged, compared to its average volume of 3,907,652. The stock's 50 day moving average price is $14.71 and its 200-day moving average price is $14.28. The firm has a market cap of $7.05 billion, a P/E ratio of 6.64, a PEG ratio of 1.58 and a beta of 0.34. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19.

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.