Vipshop Holdings Limited $VIPS Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC decreased its position in Vipshop Holdings Limited (NYSE:VIPS) by 27.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,593,300 shares of the technology company’s stock after selling 2,112,400 shares during the quarter. Vipshop comprises about 5.6% of Polaris Capital Management LLC’s holdings, making the stock its 2nd largest position. Polaris Capital Management LLC owned 1.09% of Vipshop worth $84,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VIPS. Acadian Asset Management LLC grew its holdings in Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after buying an additional 2,483,294 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Vipshop by 3,533.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock valued at $310,000 after buying an additional 1,965,244 shares during the period. Principal Financial Group Inc. purchased a new stake in Vipshop in the 1st quarter valued at about $27,051,000. Packer & Co Ltd purchased a new stake in Vipshop in the 1st quarter valued at about $24,292,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Vipshop by 13.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock valued at $197,010,000 after buying an additional 1,456,862 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Saturday, September 27th. Citigroup boosted their target price on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their target price on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Finally, Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.33.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $20.27 on Friday. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $21.08. The stock has a market capitalization of $10.39 billion, a P/E ratio of 11.02, a PEG ratio of 2.28 and a beta of 0.71. The stock has a 50-day simple moving average of $17.24 and a 200-day simple moving average of $15.50.

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.