Acadian Asset Management LLC Boosts Stock Holdings 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 increased its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,760,405 shares of the technology company's stock after acquiring an additional 2,483,294 shares during the quarter. Acadian Asset Management LLC owned 3.27% of Vipshop worth $262,757,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Vipshop in the 1st quarter valued at $35,000. Brooklyn Investment Group increased its stake in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after acquiring an additional 2,475 shares in the last quarter. Atlas Capital Advisors Inc. increased its stake in shares of Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after acquiring an additional 1,046 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Vipshop in the 1st quarter valued at $62,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Vipshop in the 1st quarter valued at $86,000. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Performance

VIPS traded up $0.01 during mid-day trading on Friday, reaching $18.17. 3,016,245 shares of the stock were exchanged, compared to its average volume of 2,348,786. The stock has a market capitalization of $9.32 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. The company has a 50 day moving average price of $16.20 and a two-hundred day moving average price of $15.25. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $18.53.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Bank of America reduced their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Zacks Research downgraded shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, Citigroup lifted 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Vipshop 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.