Alberta Investment Management Corp Reduces Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Alberta Investment Management Corp decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 17.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 732,376 shares of the technology company’s stock after selling 158,269 shares during the period. Alberta Investment Management Corp’s holdings in Vipshop were worth $9,865,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Signaturefd LLC grew its stake in shares of Vipshop by 5.1% during the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after acquiring an additional 817 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Vipshop by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after purchasing an additional 954 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares during the period. Blue Trust Inc. lifted its holdings in shares of Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares during the period. Finally, Lester Murray Antman dba SimplyRich lifted its holdings in shares of Vipshop by 1.0% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after purchasing an additional 1,526 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VIPS shares. Barclays started coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

Vipshop stock opened at $14.55 on Thursday. The stock has a market capitalization of $7.47 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 1.61 and a beta of 0.30. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The business has a 50 day simple moving average of $13.94 and a 200-day simple moving average of $13.97.

About Vipshop

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.