Principal Financial Group Inc. Sells 340,318 Shares of Vipshop Holdings Limited $VIPS

Principal Financial Group Inc. decreased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 24.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,040,842 shares of the technology company’s stock after selling 340,318 shares during the period. Principal Financial Group Inc.’s holdings in Vipshop were worth $16,362,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FIL Ltd increased its position in shares of Vipshop by 2.6% during the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after buying an additional 483,842 shares during the period. Invesco Ltd. boosted its position in shares of Vipshop by 0.9% in the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock valued at $298,335,000 after acquiring an additional 148,970 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of Vipshop by 12.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock valued at $191,316,000 after acquiring an additional 1,227,325 shares during the period. Vanguard Group Inc. grew its stake in Vipshop by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after acquiring an additional 149,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Vipshop by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock valued at $152,493,000 after acquiring an additional 149,268 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.69 on Thursday. The company’s fifty day moving average price is $13.90 and its 200-day moving average price is $15.46. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 1.48 and a beta of 0.67. Vipshop Holdings Limited has a one year low of $12.65 and a one year high of $21.08.

Wall Street Analyst Weigh In

VIPS has been the topic of several recent analyst reports. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. JPMorgan Chase & Co. decreased their price target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, UBS Group set a $18.50 price target on Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

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.