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

Several other large investors have also recently made changes to their positions in VIPS. LPL Financial LLC lifted its holdings in shares of Vipshop by 114.9% during the fourth quarter. LPL Financial LLC now owns 24,164 shares of the technology company's stock valued at $325,000 after purchasing an additional 12,919 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Vipshop during the fourth quarter valued at approximately $161,000. Marshall Wace LLP purchased a new position in shares of Vipshop during the fourth quarter valued at approximately $2,712,000. Dimensional Fund Advisors LP lifted its holdings in shares of Vipshop by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock valued at $108,608,000 after purchasing an additional 993,042 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Vipshop by 85.6% during the fourth quarter. First Trust Advisors LP now owns 26,523 shares of the technology company's stock valued at $357,000 after acquiring an additional 12,229 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Down 1.4%

NYSE:VIPS traded down $0.24 during trading hours on Wednesday, reaching $16.88. The company had a trading volume of 866,567 shares, compared to its average volume of 3,484,370. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $17.94. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.89 and a beta of 0.54. The firm's 50 day moving average price is $15.59 and its 200-day moving average price is $15.04.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VIPS. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Citigroup raised 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. Barclays reduced their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. 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. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.