Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires New Shares in Vipshop Holdings Limited (NYSE:VIPS)

Key Points

• Arrowpoint Investment Partners has invested $502,000 in Vipshop Holdings Limited by acquiring 32,000 shares during the first quarter.
• Institutional investors now hold approximately 48.82% of Vipshop's stock, with significant stakes acquired by HighTower Advisors and Public Sector Pension Investment Board.
• Analysts have mixed ratings on Vipshop's stock, with a consensus rating of "Hold" and an average target price of $15.83.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,000 shares of the technology company's stock, valued at approximately $502,000.

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in Vipshop during the 1st quarter worth $507,000. Public Sector Pension Investment Board raised its position in shares of Vipshop by 14.0% during the 1st quarter. Public Sector Pension Investment Board now owns 123,949 shares of the technology company's stock valued at $1,944,000 after acquiring an additional 15,200 shares during the last quarter. Nuveen LLC bought a new stake in shares of Vipshop during the 1st quarter valued at $11,816,000. Invesco Ltd. raised its position in shares of Vipshop by 5.3% during the 1st quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company's stock valued at $128,110,000 after acquiring an additional 411,102 shares during the last quarter. Finally, Atlas Capital Advisors Inc. raised its position in shares of Vipshop by 41.5% during 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 during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Up 4.1%

Shares of VIPS traded up $0.64 during trading hours on Wednesday, reaching $16.34. The stock had a trading volume of 4,158,725 shares, compared to its average volume of 2,314,375. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The firm has a 50-day moving average of $15.22 and a 200 day moving average of $14.90. The company has a market cap of $8.38 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.75 and a beta of 0.54.

Analysts Set New Price Targets

VIPS has been the subject of several recent research reports. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Bank of America dropped their target price 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. Barclays dropped their target price 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. Finally, JPMorgan Chase & Co. dropped their target price 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.