125,635 Shares in Vipshop Holdings Limited $VIPS Purchased by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel acquired 125,635 shares of Vipshop Holdings Limited, valued at approximately $1,891,000, indicating increased institutional interest in the company.
• Several hedge funds, including Mirae Asset Global Investments, have significantly increased their holdings in Vipshop, with Mirae's position growing by 3,533.4% during the first quarter.
• Analysts have mixed ratings for Vipshop, with a consensus rating of "Hold" and an average target price of $18.33, amid changes in price targets from various investment firms.

Aurora Investment Counsel bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 125,635 shares of the technology company's stock, valued at approximately $1,891,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VIPS. Mirae Asset Global Investments Co. Ltd. increased its position in Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after purchasing an additional 1,965,244 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Vipshop in the 1st quarter valued at $427,000. Bank of New York Mellon Corp boosted its stake in shares of Vipshop by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company's stock valued at $8,795,000 after purchasing an additional 22,204 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Vipshop in the 1st quarter valued at $27,051,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vipshop by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company's stock valued at $6,994,000 after acquiring an additional 49,632 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on VIPS. JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vipshop in a report on Wednesday, October 8th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Citigroup increased their price target on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, Wall Street Zen upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.33.

Vipshop Stock Performance

Shares of Vipshop stock opened at $19.05 on Tuesday. The company's 50 day moving average price is $18.13 and its 200-day moving average price is $15.76. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 2.11 and a beta of 0.71. Vipshop Holdings Limited has a 52-week low of $12.14 and a 52-week high of $21.08.

Vipshop Company 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.

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