Hsbc Holdings PLC Has $41.02 Million Holdings in Vipshop Holdings Limited $VIPS

Hsbc Holdings PLC lessened its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 34.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,318,330 shares of the technology company’s stock after selling 1,196,459 shares during the period. Hsbc Holdings PLC’s holdings in Vipshop were worth $41,017,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arax Advisory Partners raised its stake in shares of Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after acquiring an additional 692 shares in the last quarter. Richardson Financial Services Inc. boosted its position in Vipshop by 153.8% during 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 period. 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 worth $38,000 after purchasing an additional 2,118 shares during the period. Cooper Investors PTY Ltd. acquired a new position in Vipshop during the fourth quarter valued at approximately $58,000. Finally, Huntington National Bank grew its holdings in Vipshop by 36.3% during the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Ratings Changes

VIPS has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. JPMorgan Chase & Co. lowered their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, February 27th. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Vipshop Stock Down 0.2%

Shares of NYSE VIPS opened at $13.21 on Wednesday. Vipshop Holdings Limited has a 12 month low of $13.00 and a 12 month high of $21.08. The company has a market cap of $6.33 billion, a P/E ratio of 6.20, a P/E/G ratio of 1.33 and a beta of 0.64. The business’s 50 day moving average is $14.27 and its two-hundred day moving average is $16.29.

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.