Vipshop Holdings Limited $VIPS Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 491,621 shares of the technology company’s stock after selling 110,516 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.10% of Vipshop worth $7,399,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VIPS. Acadian Asset Management LLC increased its position in Vipshop by 17.4% during 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 in the last quarter. SG Americas Securities LLC boosted its holdings in Vipshop by 6,092.5% in the second quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock worth $29,001,000 after acquiring an additional 1,895,873 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Vipshop by 12,654.0% during the first quarter. National Bank of Canada FI now owns 1,151,563 shares of the technology company’s stock worth $18,056,000 after acquiring an additional 1,142,534 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after acquiring an additional 1,126,983 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its position in shares of Vipshop by 18.3% in the 1st quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock valued at $109,904,000 after purchasing an additional 1,084,345 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on VIPS. Barclays boosted their target price on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Vipshop in a research report on Wednesday, November 19th. JPMorgan Chase & Co. lifted their price target on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Finally, Citigroup reissued a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Vipshop presently has a consensus rating of “Hold” and an average target price of $19.83.

Vipshop Stock Performance

Shares of Vipshop stock opened at $19.64 on Friday. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The firm has a 50-day simple moving average of $19.03 and a two-hundred day simple moving average of $16.88. The company has a market cap of $10.07 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83.

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.