B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 59,546 Vipshop Holdings Limited (NYSE:VIPS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 59,546 shares of the technology company’s stock, valued at approximately $937,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after acquiring an additional 3,351 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Vipshop during the 3rd quarter worth $56,000. Employees Retirement System of Texas raised its holdings in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,717 shares during the period. National Bank of Canada FI purchased a new position in shares of Vipshop during the 2nd quarter worth $136,000. Finally, Atomi Financial Group Inc. increased its position in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

NYSE VIPS opened at $13.24 on Friday. The company has a market cap of $7.18 billion, a P/E ratio of 6.33, a P/E/G ratio of 1.51 and a beta of 0.34. The stock has a 50-day moving average of $14.66 and a two-hundred day moving average of $14.39. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

Analyst Ratings Changes

A number of brokerages recently issued reports on VIPS. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and cut their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Morgan Stanley cut their price objective 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. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Citigroup cut their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.50.

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.