American Century Companies Inc. Acquires 129,955 Shares of Vipshop Holdings Limited $VIPS

Key Points

• American Century Companies Inc. increased its stake in Vipshop Holdings by 8.8%, owning approximately 1.6 million shares valued at over $25 million as of its latest SEC filing.
• Other institutional investors significantly ramped up their holdings in Vipshop, with Mirae Asset Global Investments boosting its stake by over 3,500% during the same quarter.
• Analyst ratings for Vipshop have been mixed, with a consensus average rating of "Moderate Buy" and a target price of around $18.33.

American Century Companies Inc. boosted its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 8.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,608,899 shares of the technology company's stock after purchasing an additional 129,955 shares during the quarter. American Century Companies Inc. owned approximately 0.31% of Vipshop worth $25,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in Vipshop in the 1st quarter worth approximately $35,000. Atlas Capital Advisors Inc. boosted its stake in Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after purchasing an additional 1,046 shares during the period. Sound Income Strategies LLC bought a new position in Vipshop in the 1st quarter worth approximately $62,000. Caitong International Asset Management Co. Ltd bought a new position in Vipshop in the 1st quarter worth approximately $86,000. Finally, AM Investment Strategies LLC purchased a new stake in shares of Vipshop during the 1st quarter worth approximately $157,000. 48.82% of the stock is currently owned by institutional investors.

Vipshop Trading Down 1.2%

NYSE:VIPS traded down $0.21 during midday trading on Thursday, hitting $16.66. 317,477 shares of the company traded hands, compared to its average volume of 3,469,541. The firm's fifty day moving average is $15.64 and its 200-day moving average is $15.05. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $17.94. The firm has a market capitalization of $8.54 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.91 and a beta of 0.54.

Analyst Ratings Changes

Several brokerages have recently issued reports on VIPS. Bank of America decreased their price objective on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. JPMorgan Chase & Co. decreased 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. Citigroup upped their price objective on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Barclays decreased their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

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.