Acadian Asset Management LLC Boosts Stake in Vipshop Holdings Limited $VIPS

Key Points

• Acadian Asset Management LLC increased its stake in Vipshop Holdings Limited by 17.4% during the first quarter, owning a total of 16,760,405 shares valued at approximately $262,757,000.
• Multiple large investors, including Wayfinding Financial LLC and Brooklyn Investment Group, have also modified their holdings in Vipshop, indicating increasing institutional interest in the company.
• Analysts have rated Vipshop with a consensus target price of $18.33, with ratings varying from buy to hold by several research firms.

Acadian Asset Management LLC raised its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 17.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,760,405 shares of the technology company's stock after purchasing an additional 2,483,294 shares during the period. Acadian Asset Management LLC owned 3.27% of Vipshop worth $262,757,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Vipshop by 3,533.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock valued at $310,000 after buying an additional 1,965,244 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Vipshop during the first quarter valued at about $427,000. Bank of New York Mellon Corp raised its position 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. acquired a new stake in Vipshop in the 1st quarter worth approximately $27,051,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Vipshop by 66.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 216,491 shares of the technology company's stock worth $3,103,000 after acquiring an additional 86,548 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Performance

Shares of VIPS traded up $0.03 during mid-day trading on Monday, hitting $18.22. 770,363 shares of the company were exchanged, compared to its average volume of 3,406,033. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $18.53. The company has a 50 day moving average of $16.20 and a 200-day moving average of $15.24.

Analyst Ratings Changes

A number of research analysts have recently weighed in on VIPS shares. Zacks Research lowered Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Wall Street Zen upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup increased their price target on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Bank of America decreased their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" 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.