Penserra Capital Management LLC Sells 118,377 Shares of Vipshop Holdings Limited $VIPS

Penserra Capital Management LLC reduced its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 60.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,686 shares of the technology company’s stock after selling 118,377 shares during the period. Penserra Capital Management LLC’s holdings in Vipshop were worth $1,169,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in shares of Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after acquiring an additional 2,483,294 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Vipshop by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company’s stock valued at $130,731,000 after purchasing an additional 267,398 shares during the last quarter. Invesco Ltd. boosted its holdings in Vipshop by 5.3% in the 1st quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company’s stock valued at $128,110,000 after purchasing an additional 411,102 shares during the period. Orbis Allan Gray Ltd increased its holdings in shares of Vipshop by 18.3% during the 1st quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock worth $109,904,000 after purchasing an additional 1,084,345 shares during the period. Finally, LSV Asset Management raised its position in shares of Vipshop by 1.8% during the first quarter. LSV Asset Management now owns 4,987,113 shares of the technology company’s stock valued at $78,198,000 after buying an additional 90,400 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Price Performance

Vipshop stock opened at $19.74 on Tuesday. The business has a 50 day simple moving average of $18.60 and a 200 day simple moving average of $16.37. The company has a market capitalization of $10.12 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VIPS shares. Bank of America decreased their target price on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research report on Friday, July 18th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup boosted their price objective on Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.33.

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.