Swiss National Bank trimmed its holdings in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 891,546 shares of the technology company’s stock after selling 53,314 shares during the period. Swiss National Bank owned approximately 151,086.44% of Vipshop worth $7,837,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Murphy Capital Management Inc. purchased a new position in shares of Vipshop in the 2nd quarter worth $111,000. 1st Global Advisors Inc. lifted its position in Vipshop by 1.5% during the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after purchasing an additional 160 shares in the last quarter. FNY Partners Fund LP lifted its position in Vipshop by 71.9% during the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock valued at $116,000 after purchasing an additional 4,600 shares in the last quarter. OLD National Bancorp IN lifted its position in Vipshop by 1.1% during the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock valued at $120,000 after purchasing an additional 128 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in Vipshop during the second quarter valued at $138,000. Institutional investors and hedge funds own 53.28% of the company’s stock.
A number of research firms have commented on VIPS. KeyCorp set a $13.00 price target on Vipshop and gave the company a “buy” rating in a report on Thursday, October 19th. BidaskClub cut Vipshop from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 30th. Zacks Investment Research raised Vipshop from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, September 5th. UBS began coverage on Vipshop in a report on Monday, October 30th. They set a “neutral” rating and a $9.00 price target on the stock. Finally, J P Morgan Chase & Co reduced their target price on Vipshop from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.95.
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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