Baader Bank Aktiengesellschaft Reduces Stake in Vipshop Holdings Limited (NYSE:VIPS)

Baader Bank Aktiengesellschaft trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,000 shares of the technology company’s stock after selling 15,000 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Vipshop were worth $202,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock valued at $955,000 after purchasing an additional 31,816 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Vipshop in the 2nd quarter valued at approximately $1,036,000. Atomi Financial Group Inc. grew its holdings in 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. Creative Planning increased its position in Vipshop by 16.9% during the third quarter. Creative Planning now owns 107,026 shares of the technology company’s stock worth $1,684,000 after buying an additional 15,477 shares in the last quarter. Finally, Marathon Asset Management Ltd raised its holdings in shares of Vipshop by 14.9% in the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock worth $69,069,000 after acquiring an additional 570,869 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VIPS shares. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, January 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. Barclays assumed 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. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Performance

Shares of VIPS stock opened at $14.35 on Friday. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.31. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.84.

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.