Legal & General Group Plc Decreases Stock Position in Vipshop Holdings Limited $VIPS

Legal & General Group Plc cut its position in Vipshop Holdings Limited (NYSE:VIPS) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,435,859 shares of the technology company’s stock after selling 49,945 shares during the quarter. Legal & General Group Plc’s holdings in Vipshop were worth $43,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Packer & Co Ltd purchased a new position in shares of Vipshop in the fourth quarter valued at $27,406,000. Step Capital Management Pte. Ltd. purchased a new position in shares of Vipshop in the fourth quarter valued at $2,338,000. Thrivent Financial for Lutherans bought a new position in Vipshop during the 3rd quarter valued at $3,401,000. APG Asset Management N.V. boosted its stake in Vipshop by 141.4% during the 3rd quarter. APG Asset Management N.V. now owns 177,187 shares of the technology company’s stock valued at $3,480,000 after acquiring an additional 103,800 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Vipshop during the 3rd quarter valued at $4,971,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Vipshop stock opened at $14.16 on Friday. The firm’s 50-day moving average is $14.86 and its 200-day moving average is $17.00. Vipshop Holdings Limited has a 1 year low of $13.35 and a 1 year high of $21.08. The company has a market cap of $6.78 billion, a P/E ratio of 6.65, a PEG ratio of 1.17 and a beta of 0.67.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, February 27th. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Profile

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.