Polaris Capital Management LLC Sells 525,300 Shares of Vipshop Holdings Limited $VIPS

Polaris Capital Management LLC lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.4% in the third quarter, HoldingsChannel reports. The firm owned 5,068,000 shares of the technology company’s stock after selling 525,300 shares during the quarter. Vipshop makes up approximately 6.5% of Polaris Capital Management LLC’s holdings, making the stock its 2nd largest holding. Polaris Capital Management LLC’s holdings in Vipshop were worth $99,536,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in shares of Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,726 shares during the period. Global Retirement Partners LLC increased its stake in shares of Vipshop by 575.5% during the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after acquiring an additional 2,492 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Vipshop by 1,187.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after buying an additional 3,027 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Vipshop by 53.8% in the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after buying an additional 1,163 shares during the period. Finally, Tobam bought a new position in Vipshop during the second quarter valued at about $91,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $18.58 on Tuesday. The firm has a 50 day simple moving average of $19.17 and a 200 day simple moving average of $17.88. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08. The company has a market cap of $9.53 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72.

Analysts Set New Price Targets

A number of brokerages have weighed in on VIPS. Citigroup reissued a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Zacks Research cut shares of Vipshop from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price target on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Finally, Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.38.

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.