18,745 Shares in Vipshop Holdings Limited $VIPS Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,745 shares of the technology company's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Vipshop by 24.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,569 shares of the technology company's stock worth $490,000 after acquiring an additional 6,374 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in Vipshop by 0.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company's stock valued at $2,006,000 after purchasing an additional 657 shares during the period. Farther Finance Advisors LLC grew its holdings in Vipshop by 209.2% in the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock valued at $38,000 after purchasing an additional 1,726 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Vipshop in the second quarter valued at approximately $1,825,000. Finally, Strs Ohio acquired a new stake in Vipshop in the first quarter valued at approximately $399,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of Vipshop stock opened at $18.43 on Thursday. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 2.09 and a beta of 0.71. The business's 50 day moving average price is $18.23 and its 200 day moving average price is $15.80.

Wall Street Analyst Weigh In

Several analysts have commented on VIPS shares. JPMorgan Chase & Co. dropped their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Zacks Research downgraded Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday, October 18th. Citigroup raised their target price on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, Bank of America decreased their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.33.

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.

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