Hsbc Holdings PLC Decreases Holdings in Vipshop Holdings Limited $VIPS

Hsbc Holdings PLC trimmed its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 34.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,318,330 shares of the technology company’s stock after selling 1,196,459 shares during the quarter. Hsbc Holdings PLC’s holdings in Vipshop were worth $41,017,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VIPS. Arax Advisory Partners grew its holdings in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in Vipshop by 153.8% in the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,250 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after buying an additional 2,118 shares during the period. Cooper Investors PTY Ltd. bought a new position in shares of Vipshop during the fourth quarter valued at about $58,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Vipshop by 104.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after buying an additional 3,050 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS stock opened at $13.27 on Monday. Vipshop Holdings Limited has a fifty-two week low of $12.65 and a fifty-two week high of $21.08. The firm has a market cap of $6.35 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.33 and a beta of 0.67. The business’s 50 day moving average price is $13.98 and its 200-day moving average price is $15.91.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VIPS shares. JPMorgan Chase & Co. lowered their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. UBS Group set a $18.50 price target on Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently 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.