Franklin Resources Inc. Has $6.30 Million Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Franklin Resources Inc. lifted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 382,922 shares of the technology company’s stock after purchasing an additional 19,367 shares during the period. Franklin Resources Inc.’s holdings in Vipshop were worth $6,299,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. increased its stake in shares of Vipshop by 13.8% in the second quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock valued at $293,000 after buying an additional 2,729 shares during the period. Bank of New York Mellon Corp increased its position in Vipshop by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 532,050 shares of the technology company’s stock valued at $6,927,000 after purchasing an additional 39,686 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Vipshop by 2.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after purchasing an additional 184,000 shares during the last quarter. Railway Pension Investments Ltd boosted its stake in shares of Vipshop by 20.8% in the 2nd quarter. Railway Pension Investments Ltd now owns 556,500 shares of the technology company’s stock valued at $7,246,000 after purchasing an additional 95,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vipshop by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 626,048 shares of the technology company’s stock worth $8,151,000 after buying an additional 36,377 shares during the period. Institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays began coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup dropped their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Vipshop presently has an average rating of “Hold” and an average target price of $17.50.

Vipshop Trading Up 1.7 %

Vipshop stock opened at $13.58 on Monday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a market capitalization of $6.97 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. The firm’s 50 day simple moving average is $13.99 and its 200 day simple moving average is $14.00.

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.