DekaBank Deutsche Girozentrale Has $5.76 Million Stake in Vipshop Holdings Limited $VIPS

DekaBank Deutsche Girozentrale trimmed its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,332 shares of the technology company’s stock after selling 19,515 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vipshop were worth $5,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after acquiring an additional 2,483,294 shares during the period. Krane Funds Advisors LLC grew its stake in Vipshop by 7.8% in the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company’s stock valued at $248,357,000 after acquiring an additional 1,148,307 shares during the period. Dimensional Fund Advisors LP grew its stake in Vipshop by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company’s stock valued at $130,731,000 after acquiring an additional 267,398 shares during the period. Invesco Ltd. grew its stake in Vipshop by 5.3% in the first quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company’s stock valued at $128,110,000 after acquiring an additional 411,102 shares during the period. Finally, Orbis Allan Gray Ltd grew its stake in Vipshop by 18.3% in the first quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock valued at $109,904,000 after acquiring an additional 1,084,345 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

VIPS opened at $18.35 on Friday. Vipshop Holdings Limited has a 52-week low of $12.14 and a 52-week high of $21.08. The firm has a market capitalization of $9.41 billion, a PE ratio of 9.97, a PEG ratio of 2.07 and a beta of 0.71. The business’s 50-day simple moving average is $18.28 and its 200 day simple moving average is $15.87.

Analyst Ratings Changes

VIPS has been the subject of a number of research analyst reports. Wall Street Zen raised Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Bank of America reduced their price objective on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research report on Friday, July 18th. Finally, Citigroup upped their price objective on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.33.

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.