Nordea Investment Management AB Lowers Holdings in Vipshop Holdings Limited $VIPS

Nordea Investment Management AB trimmed its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 81.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 305,451 shares of the technology company’s stock after selling 1,310,574 shares during the quarter. Nordea Investment Management AB’s holdings in Vipshop were worth $5,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kiker Wealth Management LLC boosted its position in shares of Vipshop by 1.8% during the third quarter. Kiker Wealth Management LLC now owns 106,297 shares of the technology company’s stock worth $2,088,000 after acquiring an additional 1,840 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Vipshop by 1.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 744,462 shares of the technology company’s stock worth $14,621,000 after purchasing an additional 12,628 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Vipshop during the 3rd quarter valued at about $491,000. Kathmere Capital Management LLC purchased a new position in shares of Vipshop during the third quarter valued at about $208,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Vipshop by 2.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,204,449 shares of the technology company’s stock worth $239,695,000 after purchasing an additional 323,058 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research downgraded Vipshop from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and set a $22.60 target price on shares of Vipshop in a research report on Tuesday, December 30th. Barclays boosted their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.38.

Vipshop Stock Performance

Shares of Vipshop stock opened at $16.71 on Friday. The stock has a 50 day moving average price of $19.14 and a 200-day moving average price of $17.94. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.72.

Vipshop Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.