Skandinaviska Enskilda Banken AB publ Sells 158,900 Shares of Vipshop Holdings Limited $VIPS

Skandinaviska Enskilda Banken AB publ lowered its position in Vipshop Holdings Limited (NYSE:VIPS) by 31.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347,214 shares of the technology company’s stock after selling 158,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Vipshop were worth $5,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Vipshop in the second quarter worth $256,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vipshop by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after buying an additional 49,632 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Vipshop during the 2nd quarter worth about $282,000. Acadian Asset Management LLC increased its holdings in shares of 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 acquiring an additional 2,483,294 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Vipshop by 20.1% during the 1st quarter. BNP Paribas Financial Markets now owns 1,877,068 shares of the technology company’s stock valued at $29,432,000 after acquiring an additional 314,440 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VIPS shares. Barclays boosted their target price on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. upped their price objective on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, Citigroup reissued a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.83.

Vipshop Price Performance

Shares of Vipshop stock opened at $19.64 on Monday. 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 fifty day moving average price of $19.03 and a two-hundred day moving average price of $16.89. The company has a market cap of $10.07 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83.

Vipshop 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.