22,468 Shares in Vipshop Holdings Limited (NYSE:VIPS) Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors has acquired 22,468 shares of Vipshop Holdings Limited, worth approximately $352,000, indicating institutional interest in the company.
• Vipshop's stock recently traded at $15.26 and has a market capitalization of $7.82 billion, with a 52-week range from $11.50 to $17.94.
• Analysts have downgraded Vipshop from a "buy" to a "hold" rating, with a consensus price target now set at $15.83, reflecting a cautious outlook for the stock.

Arkadios Wealth Advisors bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,468 shares of the technology company's stock, valued at approximately $352,000.

Other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its holdings in shares of Vipshop by 2.2% during the first quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after purchasing an additional 1,165 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Vipshop by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company's stock valued at $682,000 after buying an additional 2,126 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Vipshop during the 1st quarter worth $35,000. Vontobel Holding Ltd. increased its position in Vipshop by 19.1% during the first quarter. Vontobel Holding Ltd. now owns 14,638 shares of the technology company's stock worth $230,000 after buying an additional 2,352 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of Vipshop by 1.0% in the 4th quarter. Aviva PLC now owns 261,100 shares of the technology company's stock valued at $3,517,000 after acquiring an additional 2,500 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Trading Down 0.6%

VIPS stock traded down $0.10 during mid-day trading on Wednesday, hitting $15.26. The stock had a trading volume of 1,313,059 shares, compared to its average volume of 2,514,686. The firm has a market capitalization of $7.82 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.71 and a beta of 0.54. The firm has a fifty day simple moving average of $15.05 and a 200 day simple moving average of $14.84. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94.

Analysts Set New Price Targets

A number of research analysts have recently commented on VIPS shares. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Bank of America lowered their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Barclays cut their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and a consensus price target of $15.83.

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.