Nordea Investment Management AB Cuts Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Nordea Investment Management AB decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,805,495 shares of the technology company’s stock after selling 33,843 shares during the quarter. Nordea Investment Management AB owned 0.35% of Vipshop worth $24,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in Vipshop in the 3rd quarter valued at about $56,000. Employees Retirement System of Texas raised its holdings in Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,717 shares in the last quarter. Blue Trust Inc. lifted its stake in Vipshop by 140.6% in the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after acquiring an additional 4,958 shares during the last quarter. National Bank of Canada FI acquired a new position in Vipshop during the 2nd quarter worth approximately $136,000. Finally, Atomi Financial Group Inc. increased its position 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 during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VIPS shares. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup decreased their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Barclays started coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.50.

Vipshop Stock Up 0.8 %

NYSE:VIPS opened at $13.10 on Thursday. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19. The stock’s 50 day moving average price is $13.68 and its 200 day moving average price is $13.81. The company has a market capitalization of $6.72 billion, a PE ratio of 6.27, a P/E/G ratio of 1.56 and a beta of 0.31.

Vipshop Company 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.