BNP Paribas Financial Markets Has $28.97 Million Stake in Vipshop Holdings Limited $VIPS

BNP Paribas Financial Markets trimmed its position in Vipshop Holdings Limited (NYSE:VIPS) by 10.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,637,639 shares of the technology company’s stock after selling 200,881 shares during the quarter. BNP Paribas Financial Markets’ holdings in Vipshop were worth $28,970,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VIPS. Goldman Sachs Group Inc. grew its stake 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 worth $77,326,000 after buying an additional 1,126,983 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Vipshop by 24.2% in the second quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock worth $678,000 after purchasing an additional 8,779 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Vipshop in the second quarter worth $505,000. California Public Employees Retirement System lifted its holdings in Vipshop by 9.6% in the second quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock valued at $10,063,000 after buying an additional 58,820 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Vipshop by 14.1% in the second quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock valued at $632,000 after buying an additional 5,200 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 2.4%

VIPS opened at $13.88 on Friday. Vipshop Holdings Limited has a 12 month low of $13.62 and a 12 month high of $21.08. The company has a market cap of $6.64 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.64. The company has a 50 day moving average of $14.76 and a 200 day moving average of $16.83.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vipshop currently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

About Vipshop

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.