48,195 Shares in Vipshop Holdings Limited (NYSE:VIPS) Purchased by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd purchased a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 48,195 shares of the technology company's stock, valued at approximately $756,000.

A number of other hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC increased its stake in Vipshop by 7.8% in the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock valued at $248,357,000 after acquiring an additional 1,148,307 shares during the last quarter. Vanguard Group Inc. increased its stake in Vipshop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after acquiring an additional 79,254 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Vipshop by 13.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after acquiring an additional 1,456,862 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Vipshop by 14.0% in 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 acquiring an additional 993,042 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Vipshop by 28.4% in the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock valued at $104,516,000 after acquiring an additional 1,718,159 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIPS has been the topic of a number of research analyst reports. Barclays reduced their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Tuesday, April 1st. JPMorgan Chase & Co. cut 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. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, Bank of America cut 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and a consensus target price of $15.83.

Vipshop Stock Down 1.0%

Shares of NYSE:VIPS traded down $0.16 during midday trading on Friday, hitting $15.98. 1,181,362 shares of the stock traded hands, compared to its average volume of 2,530,422. The stock has a market capitalization of $8.19 billion, a PE ratio of 8.36, a P/E/G ratio of 1.80 and a beta of 0.58. The business's 50 day moving average is $14.94 and its two-hundred day moving average is $14.72. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94.

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.