Zurcher Kantonalbank Zurich Cantonalbank Sells 203,632 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 32.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 422,416 shares of the technology company’s stock after selling 203,632 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Vipshop worth $6,645,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Krane Funds Advisors LLC lifted its position in Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after acquiring an additional 2,659,117 shares in the last quarter. First Beijing Investment Ltd bought a new position in shares of Vipshop in the third quarter valued at approximately $120,182,000. Dimensional Fund Advisors LP boosted its position in shares of Vipshop by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock valued at $87,771,000 after buying an additional 343,739 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Vipshop by 2.9% during 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 buying an additional 184,000 shares in the last quarter. Finally, LSV Asset Management raised its position in Vipshop by 8.1% in the 2nd quarter. LSV Asset Management now owns 5,312,513 shares of the technology company’s stock valued at $69,169,000 after buying an additional 397,852 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Price Performance

Shares of NYSE VIPS opened at $13.81 on Monday. The stock has a market capitalization of $7.09 billion, a PE ratio of 6.61, a P/E/G ratio of 1.58 and a beta of 0.34. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The business’s fifty day moving average price is $14.71 and its 200-day moving average price is $14.30.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup cut their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley decreased their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.