TD Private Client Wealth LLC Lowers Holdings in Vipshop Holdings Limited (NYSE:VIPS)

TD Private Client Wealth LLC reduced its stake in Vipshop Holdings Limited (NYSE:VIPS) by 46.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,672 shares of the technology company’s stock after selling 2,311 shares during the period. TD Private Client Wealth LLC’s holdings in Vipshop were worth $42,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Vipshop during the 3rd quarter worth approximately $56,000. Employees Retirement System of Texas increased its position in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Vipshop in the 2nd quarter valued at $136,000. Finally, Atomi Financial Group Inc. raised its holdings in shares of Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after purchasing an additional 702 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on VIPS. Morgan Stanley dropped their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.21 on Tuesday. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 1.56 and a beta of 0.31. The firm’s fifty day simple moving average is $14.24 and its 200-day simple moving average is $14.07.

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.