Russell Investments Group Ltd. lessened its position in Vipshop Holdings Ltd – (NYSE:VIPS) by 61.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,200 shares of the technology company’s stock after selling 33,663 shares during the quarter. Russell Investments Group Ltd.’s holdings in Vipshop were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIPS. KEYWISE CAPITAL MANAGEMENT Ltd increased its stake in Vipshop by 921.0% in the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock valued at $41,829,000 after acquiring an additional 4,292,600 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Vipshop by 553.9% in the third quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after acquiring an additional 3,300,586 shares during the last quarter. Prudential PLC increased its stake in Vipshop by 49.2% in the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after acquiring an additional 2,871,600 shares during the last quarter. Franklin Resources Inc. increased its stake in Vipshop by 23.4% in the second quarter. Franklin Resources Inc. now owns 10,714,153 shares of the technology company’s stock valued at $113,035,000 after acquiring an additional 2,034,474 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Vipshop by 813.0% in the second quarter. Teachers Advisors LLC now owns 1,600,724 shares of the technology company’s stock valued at $16,888,000 after acquiring an additional 1,425,400 shares during the last quarter. 52.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vipshop Holdings Ltd – (VIPS) opened at $13.58 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. The firm has a market cap of $8,060.00, a PE ratio of 28.29 and a beta of 2.10. Vipshop Holdings Ltd – has a 1-year low of $7.79 and a 1-year high of $15.49.

Several research firms have issued reports on VIPS. Zacks Investment Research lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. HSBC upgraded shares of Vipshop from a “reduce” rating to a “hold” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of Vipshop from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, November 22nd. BidaskClub lowered shares of Vipshop from a “hold” rating to a “sell” rating in a research report on Sunday, September 24th. Finally, KeyCorp set a $13.00 price target on shares of Vipshop and gave the company a “buy” rating in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Vipshop presently has an average rating of “Hold” and a consensus target price of $12.95.

COPYRIGHT VIOLATION NOTICE: “Vipshop Holdings Ltd – (VIPS) Shares Sold by Russell Investments Group Ltd.” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/vipshop-holdings-ltd-vips-shares-sold-by-russell-investments-group-ltd/1799571.html.

Vipshop Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Ltd – (NYSE:VIPS).

Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with Analyst Ratings Network's FREE daily email newsletter.