Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 419,984 shares of the technology company’s stock after selling 6,869 shares during the period. Bridgewater Associates LP’s holdings in Vipshop were worth $6,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VIPS. Swedbank AB acquired a new position in Vipshop during the 1st quarter valued at approximately $19,185,000. Lingohr Asset Management GmbH acquired a new position in shares of Vipshop in the 3rd quarter valued at $921,000. The Manufacturers Life Insurance Company raised its stake in Vipshop by 76.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after acquiring an additional 31,816 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Vipshop by 30.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after acquiring an additional 780,443 shares during the period. Finally, SIH Partners LLLP purchased a new stake in Vipshop during the 2nd quarter valued at about $535,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VIPS shares. 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 report on Tuesday, August 20th. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup cut their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Six 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Performance

Shares of Vipshop stock opened at $13.81 on Friday. The firm has a 50-day simple moving average of $14.70 and a two-hundred day simple moving average of $14.33. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The company has a market cap of $7.09 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

Vipshop Company 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.