Citigroup Inc. Has $20.79 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Citigroup Inc. trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,321,827 shares of the technology company’s stock after selling 24,713 shares during the quarter. Citigroup Inc. owned 0.24% of Vipshop worth $20,792,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VIPS. Krane Funds Advisors LLC increased its holdings in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after purchasing an additional 2,659,117 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Vipshop by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after buying an additional 248,743 shares during the last quarter. First Beijing Investment Ltd bought a new position in shares of Vipshop in the third quarter valued at approximately $120,182,000. Dimensional Fund Advisors LP increased its position in shares of Vipshop by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock valued at $87,771,000 after acquiring an additional 343,739 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Vipshop by 2.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after acquiring an additional 184,000 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VIPS shares. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and decreased their target price for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Finally, Morgan Stanley dropped their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

Vipshop stock opened at $13.14 on Wednesday. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The firm has a market capitalization of $7.13 billion, a P/E ratio of 6.29, a PEG ratio of 1.49 and a beta of 0.34. The business has a fifty day moving average price of $14.68 and a 200-day moving average price of $14.36.

Vipshop 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.